August 17, 2021 | BY AAGD STAFF
After selling off six of his Arizona golf courses, pro golfer Mickelson is set to join the exclusive $1 billion club with Tiger Woods. The buyer, Arcis Golf alongside his business partner Steve Loy purchases these courses from Mickelson:
- The Stone Canyon Club
- The Golf Club at Chaparral Pines
- The Rim Golf Club
and three pay-and-play courses - McDowell Mountain Golf Club
- Ocotillo Golf Club
- Palm Valley Golf Club
With the sale of the six courses, 51-year-old Mickelson will cross over to the $1 billion mark. Off the course, Mickelson career earning prior to the sale of the courses were estimated at $800 million, according to Forbes.
PGA Tour career earnings for the 45-time PGA Tour winner also stands at an impressive $94.7 million, which is only second to Tiger Woods at $120.8 million. In total earnings, Mickelson is said to have made $41 million this year, ending June 4. This makes him 29th in career money for all-time sporting athletes.
Woods is estimated by Forbes to have received more than $1.5 billion from endorsements, appearances and course design fees.
Arcis Golf is said to have been founded in 2015 by Arcis Equity Partners and it operates all its courses under the Castlegate and Ironbridge brands. The brand also reportedly received a “significant” investment from independent private firm Atairos in 2020.
“We’re thrilled to work with Arcis Golf, and we’re entrusting them to build upon the success we’ve created so far with these properties,” said Mickelson, who has won 45 times on the PGA Tour including six major championships.
“We were very impressed with the Arcis leadership team and their commitment to their members and guests, and we look forward to continuing our business relationship.”
