May 20, 2016 | 06:27 am

Phil To Pay Back $931,000

After months of rumors and allegations, the Securities and Exchange Commission announced yesterday that Phil Mickelson was part of an insider trading case. The good news is that as a “relief defendant,” Mickelson isn’t accused of having done anything illegal. The bad news? He has to pay the SEC the $931,000 he made from the deal. Charged in the federal indictment were Billy Walters, an investor and well-known Las Vegas gambler, and Thomas Davis, former chairman of Dean Foods. In July 2012, Walters told Mickelson something about Dean Foods, information Walters obtained from Davis; Mickelson quickly invested $2.4 million in the company’s stock and sold it a few days later for the near-million-dollar profit. As part of the lawsuit details, it was reported that Mickelson had been placing bets with Walters for years and owed him money when the tip was given. In announcing that he’d return the money, Mickelson noted that his sponsors are sticking by him and that “He takes full responsibility for the decisions and associations that led him to becoming part of this investigation.” Most financial websites and such have noted that Mickelson has nearly $80 million in lifetime earnings, plus many millions more from his endorsements: According to Forbes, in 2015 his off-course income totaled $48 million.

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May 19, 2016 | 09:11 am

Muirfield Says No to Women

If you missed the news from Scotland this morning, Muirfield (the Honourable Company of Edinburgh Golfers) have voted to not let women join their club. In turn, the R&A have announced that clubs without female members will not host Open Championships going forward.

The members of Muirfield needed a two-thirds majority to pass the vote for female membership and at the end of postal ballot voting last night, that majority was not met. What do you think this means for Muirfield? Will the private club suffer at all from the decision? The economic benefits of the Open Championship in East Lothian will be lost, which is one distressing aspect that hasn’t been widely mention.

Let us know what you think in the comments below or on Twitter. 

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May 18, 2016 | 08:30 am

Capitol Idea

WE ARE GOLF, a coalition of golf’s leading organizations, will host its ninth annual National Golf Day today on Capitol Hill in Washington, D.C. Golf industry leaders will meet with Members of Congress, the Executive Branch, and federal agencies to discuss golf’s nearly $70 billion economy, $4 billion annual charitable impact, and many environmental and fitness benefits. "With 2016 being an election year, it’s even more important for political leaders to understand the impact our industry has on local communities and millions of Americans," said Steve Mona, Chief Executive Officer of World Golf Foundation, administrator of WE ARE GOLF. "Since our first event in 2008, National Golf Day has educated our nation's lawmakers about the countless benefits of the game and we look forward to continuing this agenda in May."

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May 17, 2016 | 08:39 am

Clock on the Block

You may never have the timing of golf’s greatest players but one lucky soul now has Harry Vardon’s timepiece. A clock, presented to Vardon in 1911 on the occasion of his fifth victory in the Open Championship, was sold at auction over the weekend for $6,400, nearly twice its expected price. The auction, held in Wiltshire, England, also included an array of items related to the ill-fated Titanic, among them a biscuit which had been aboard one of the lifeboats—it sold for $15,000. 

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