UNITED STATES BANKRUPTCY COURT · 2020. 4. 10. · more control over how their re-sources would be...

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UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK ) In re: ) Chapter 11 ) OneWeb Global Limited, et al. ) Case No. 20-22437 (RDD) ) Debtors. 1 ) (Jointly Administered) ) AFFIDAVIT OF SERVICE OF PUBLICATION PLEASE TAKE NOTICE that the undersigned certifies that the following document Notice re Attention Direct, Indirect, and Prospective Holders of Stock Issued by OneWeb Global Limited was published in the following publication on the date provided. Publication Date Exhibit The New York Times April 8, 2020 A USA Today April 9, 2020 B /s/ Darleen Sahagun____ Darleen Sahagun Omni Agent Solutions 5955 DeSoto Avenue, Suite 100 Woodland Hills, California 91367 (818) 906-8300 Claims, Noticing, and Administrative Agent for the Debtor 20-22437-rdd Doc 54 Filed 04/10/20 Entered 04/10/20 17:16:33 Main Document Pg 1 of 7

Transcript of UNITED STATES BANKRUPTCY COURT · 2020. 4. 10. · more control over how their re-sources would be...

Page 1: UNITED STATES BANKRUPTCY COURT · 2020. 4. 10. · more control over how their re-sources would be put to use. Mr. Dorsey, who has been criti-cized in the past for his lack of transparency

UNITED STATES BANKRUPTCY COURT

SOUTHERN DISTRICT OF NEW YORK

)

In re: ) Chapter 11

)

OneWeb Global Limited, et al. ) Case No. 20-22437 (RDD)

)

Debtors.1 ) (Jointly Administered)

)

AFFIDAVIT OF SERVICE OF PUBLICATION

PLEASE TAKE NOTICE that the undersigned certifies that the following document

Notice re Attention Direct, Indirect, and Prospective Holders of Stock Issued

by OneWeb Global Limited

was published in the following publication on the date provided.

Publication Date Exhibit

The New York Times April 8, 2020 A

USA Today April 9, 2020 B

/s/ Darleen Sahagun____

Darleen Sahagun

Omni Agent Solutions

5955 DeSoto Avenue, Suite 100

Woodland Hills, California 91367

(818) 906-8300

Claims, Noticing, and Administrative Agent for the Debtor

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Exhibit A

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B6 N BUSINESSTHE NEW YORK TIMES WEDNESDAY, APRIL 8, 2020

C M Y K Nxxx,2020-04-08,B,006,Bs-BW,E1

VIRUS FALLOUT

when measured against oldergenerations today and relative tothose generations when they werethe same age, from 23 to 35 yearsold.

Going into the financial crisis of2008, Generation X was roughlythe same age as millennials today,but had on average twice the totalassets that millennials have nowwhen all bank accounts, stocksand loans are added together, ac-cording to an analysis done forThe New York Times by econo-mists at the St. Louis Federal Re-serve.

Now members of Generation X,who are from 40 to 55 years old,are in a strong position relative tomillennials, even after being bat-tered by the 2008 crisis. Theyhave about four times the assetsand more than twice as much insavings as today’s youngestAmerican adults.

Those with college degrees, aminority of the youngest adults,are doing better on average thanprevious generations when theywere the same age. But everyoneelse is doing significantly worse,according to a Pew Research Cen-ter analysis last year.

“Even going into this situation,young adults were in a very pre-carious situation,” said ReidCramer, who led the MillennialsInitiative at New America, a left-of-center think tank. “A suddenshock is really going to have apretty big impact on this genera-tion.”

The turmoil caused by the coro-navirus has already brought outother generational divisions. Col-lege students partying on Floridabeaches have earned the ire of old-er Americans who face graverhealth risks when youthful gath-erings spread the virus.

But while young adults mayface fewer health problems, theyare more vulnerable to the finan-cial costs of the downturn. Millen-nials are much more likely to beinvolved in part-time work andthe gig economy, according to gov-ernment reports, and these havebeen hard hit. Such work general-ly provides few benefits to cush-ion the blow of bad times.

The sudden disappearance ofpaychecks, combined with a widearray of monthly debt paymentsand the declines in any invest-ments, is forcing some millennialsto take desperate measures. So-cial media has been filled with dis-cussions about how to best takemoney out of 401(k) retirementaccounts to pay for rent.

Dan Gamez, 22, who lives withhis parents near Boston, has beenselling his video game consoles oneBay to make his upcoming carpayment after losing his job at anAT&T store.

“I’ve just been staying at homeand playing video games, so I’mkind of upset I have to do this, but I

have no choice,” he said.Andrew Lawson, 29, was mak-

ing $500 to $600 a week deliveringfood for DoorDash on Hawaii’s bigisland. After the state shut downnonessential businesses, mostrestaurants closed. In three daysof work in one week, Mr. Lawson

made less than $60, which wasn’tenough to cover the gas to get toKona, the city with the work.

“Nowadays I might get a $5 or-der from McDonald’s after threehours of waiting,” he said.

Mr. Lawson has a 2-year-oldand a pregnant wife, who does notwork. They were down to eatingplain noodles until he visited afood bank and got a bag of pota-toes and some carrots. He has setup accounts on all the social net-works to broadcast his need forwork — any work.

“Give me something I couldfeed my family with,” he said. “Idon’t care what it is.”

The inequality among millenni-als is even more evident whenrace is taken into account. Youngblack families at all educationallevels have fallen further behindtheir white peers over the last twodecades in measures like house-hold wealth and homeownership,according to research from NewAmerica.

“Over time, it is becoming moredifficult for young families to ac-cumulate wealth,” said William R.Emmons, the lead economist atthe St. Louis Federal Reserve’sCenter for Household FinancialStability. “We thought maybethey’d catch up later, but the cur-rent situation doesn’t give memuch reason to believe that’s go-ing to happen.”

These disadvantages are al-ready shaping the long-termprospects of young Americans.They are much less likely to bemarried, have children or own ahouse than Americans of a similarage in decades past.

Ms. Gardner said that she andMr. Schade eventually wanted tohave a family and a house. But shesaid, “We’re both going to be indebt for a while, and having kids is

just not feasible.”While there is a chance the

downturn will be short, econo-mists are assuming that the tur-moil that has already happenedwill have long-term consequencesfor young households.

The 2008 crisis made youngAmericans then more reluctant toinvest in the stock market. Millen-nials today have, on average, onlya third of the stock market hold-ings that Generation X did beforethe 2008 financial crisis, accord-ing to the data from the St. LouisFederal Reserve.

That means that young house-holds have not enjoyed the marketgains that came over the last dec-ade. Today, the average memberof Generation X has 10 times morewealth from the stock market thenmillennials.

Jack Ankenbruck, 25, who untillast month made a living playingdrums in a band in Nashville, be-gan putting money into an invest-ment account with the start-upAcorns last year and had gotten itup to $2,000 by February. The val-ue of the account plunged by al-most half in recent weeks, makinghim question his decision to put itthere in the first place.

“I’m thinking, ‘What if I’d justkept that $30 a week — I’d still

have that money,’ and I could useit now,” said Mr. Ankenbruck, whohas been trying to make somemoney playing concerts online.

Jayci Cumberledge, 23, in Am-herst, Ohio, has no retirement ac-counts and spent her last $80 insavings to make her monthly carpayment shortly after the gastropub where she worked closed inmid-March.

Ms. Cumberledge’s parentshave also lost their jobs in the lastfew weeks — her father at a Fordfactory, her mother driving a vanfor disabled children. That hasmade her aware of how much bet-ter prepared they were for this,she said, with a house they ownand no rent payments to fall be-hind on.

To cover the utility bills for hermobile home, Ms. Cumberledgeborrowed $200 from a friend. Shehas since made some money byselling pictures of her feet to peo-ple with fetishes who found heronline after she put a joking poston Twitter.

“You compare it to the oldergenerations — they worked upand saved money,” Ms. Cum-berledge said. “It feels like I’mnever going to have a stable jobthat has benefits and health insur-ance.”

Young, Already Mired in Debt, and Now ThisFROM FIRST BUSINESS PAGE

Andrew Lawson, 29, with his pregnant wife, Juliana, and their 2-year-old son, Vesuvianite. Mr. Lawson has lost most of his income in the last few weeks.MEGAN SPELMAN FOR THE NEW YORK TIMES

‘I know so manypeople my age whoare going throughthe exact same thing.’Kaitlyn Gardner, 23, who, along withher boyfriend, has just over $1,000in the bank after they lost their jobs.

SAN FRANCISCO — Jack Dorsey, thechief executive of Twitter andSquare, said on Tuesday that heplanned to donate $1 billion, orjust under a third of his totalwealth, to relief programs relatedto the coronavirus, in one of themore significant efforts by a techbillionaire to fight the pandemic.

Mr. Dorsey said he would put 28percent of his wealth, in the formof shares in his mobile paymentscompany Square, into a limited li-ability company that he had creat-ed, called Start Small. Start Smallwould make grants to beneficia-ries, he said, with the expendi-tures to be recorded in a publiclyaccessible Google document.

“Why now? The needs are in-creasingly urgent, and I want tosee the impact in my lifetime,” Mr.Dorsey said in a series of tweetsannouncing his plans. “I hope thisinspires others to do somethingsimilar.”

Mr. Dorsey, 43, joins a growinglist of celebrities, world leadersand technologists who are ear-marking some portion of theirwealth to fighting the spread ofthe coronavirus and its effects.

Oprah Winfrey has donatedmore than $10 million of her per-sonal wealth to Covid-19 relief ef-forts, while other Hollywood per-sonalities — including Justin Tim-berlake, Dolly Parton and Ri-hanna — have also madecontributions. Last week, the Am-azon chief executive, Jeff Bezos,said he would donate $100 millionto American food banks through anonprofit, Feeding America. And

Mark Zuckerberg, chief executiveof Facebook, has also organizedrelief campaigns through Face-book and his own philanthropicorganization, the Chan Zucker-berg Initiative.

Even so, Mr. Dorsey’s contribu-tion stands out for the sum he isputting in and for how much of hisnet worth that represents.

Square declined a request for aninterview with Mr. Dorsey. Twitterdeclined to comment.

In creating a limited liabilitycompany, Mr. Dorsey is followinga model that Mr. Zuckerberg hasused. In 2015, when Mr. Zucker-berg and his wife, Priscilla Chan,set up the Chan Zuckerberg Initia-tive, it was organized as an L.L.C.,holding much of their wealth tofund charitable causes.

At the time, critics said the vehi-cle was a self-serving maneuverthat allowed Mr. Zuckerberg to en-gage in private lobbying, for-prof-it investment and political dona-tions. Mr. Zuckerberg pushedback, saying a limited liabilitycompany gave him and his wifemore control over how their re-sources would be put to use.

Mr. Dorsey, who has been criti-cized in the past for his lack oftransparency around philan-thropic efforts, said he was creat-ing an L.L.C. for flexibility andpledged to use the Google docu-ment to update the public on itslatest grants, stock transfers andsales.

He said the first $100,000 dona-tion would be to America’s FoodFund, a high-profile effort com-mitted to feeding the hungry. Itwas started in a GoFundMe pagelast week by Leonardo DiCaprio,Laurene Powell Jobs and Apple.

After the most pressing mattersof the pandemic are resolved, Mr.Dorsey said, he plans to shift theaim of Start Small to supportinginitiatives around universal basicincome, under which Americanswould get a base level of regularincome from the federal govern-ment, and women’s health and ed-ucation efforts.

Universal basic income hasbeen a pet issue for some SiliconValley progressives, made morepopular in recent months by thenow-ended presidential candi-dacy of Andrew Yang, a Democratwho ran partly on the idea.

“Life is too short, so let’s do ev-erything we can today to help peo-ple now,” Mr. Dorsey tweeted, fol-lowed by an emoji of a peace signhand gesture.

Twitter’s DorseyPlans DonationOf $1 BillionFor Virus Relief

By MIKE ISAAC

Jack Dorsey, C.E.O. of Twitter andSquare, hopes to inspire others.

TOBY MELVILLE/REUTERS

AIRLINES

Hundreds of Flight AttendantsAnd Pilots Are InfectedHundreds of flight attendants andpilots at U.S. airlines have been in-fected by the coronavirus, accord-ing to labor unions that representthem.

The Association of Flight At-tendants has counted about 200cases among the workers it repre-sents at nearly two dozen airlines,the union said on Tuesday. Abouthalf of those people work forUnited Airlines, the union’s larg-est member airline.

An additional 100 flight attend-ants at American Airlines hadtested positive as of Sunday, ac-cording to the Association of Pro-fessional Flight Attendants, whichrepresents more than 27,000 of thecompany’s workers.

Delta’s flight attendants are notunionized, but its pilots are. Ac-cording to that union, the DeltaMaster Executive Council, at least51 pilots at the airline have testedpositive for the virus, more thanhalf of whom work in the NewYork area. At least 15 more aresick and awaiting test results.

RELIEF

Loans to Midsize BusinessesAre in ‘Design Phase,’ Fed SaysRobert S. Kaplan, president of theFederal Reserve Bank of Dallas,said in a wide-ranging interviewwith The New York Times that thecentral bank’s upcoming programto help midsize businesses is “stillin the design phase” and that offi-cials needed to determine how tomake it work for both companiesand banks.

The details of that program, an-nounced on March 23, remainmostly a mystery, though the Fedhas made it clear that it plans touse it to help companies that aretoo big for small-business loansbut too small to gain access to thecorporate bond market.

The Fed is “trying to determinewhat would be most useful to busi-

ness, and trying to make it so thatthe banks would want to makethose loans,” Mr. Kaplan said.

When it comes to the Fed’s an-ticipated municipal bond pro-gram, which has yet to be an-nounced, he said that it should be“analogous” to the Fed’s corpo-rate bond programs, which theFed will use to buy bonds via anintermediary.

“I don’t think we’re set up to godirectly,” he said. “Our job is to setthe criteria and work through anintermediary.”

The reserve bank presidentsare consulted on design and im-plementation issues for the Fed’semergency lending programs, butthey do not have a vote on them.That falls to the Federal ReserveBoard in Washington, with signoffand financial backing from theTreasury Department.

Europe’s Central Bank ActsTo Free Up More Cheap MoneyThe European Central Bank an-nounced new measures on Tues-day that are intended to make iteven easier for people and busi-nesses in the eurozone to getcheap loans.

The measures apply to moneythat commercial lenders are al-lowed to borrow from the centralbank at zero percent interest, or insome cases even negative inter-est. Banks must post collateral incase they cannot repay the money.

The central bank said Tuesdaythat it would temporarily lowerthe standards it applies to suchcollateral, accepting assets suchas Greek government bonds,which had been considered toorisky. The looser standards shouldgreatly expand the amount ofmoney that banks can borrow onvery favorable terms.

Credit guarantees issued bygovernments will also be eligibleas collateral, the central banksaid, a boon for Italy and othercountries that are backing loansto businesses but are themselvesfinancially struggling.

Virus BriefingATTENTION DIRECT, INDIRECT, AND PROSPECTIVE HOLD-ERS OF STOCK ISSUED BY ONEWEB GLOBAL LIMITED:

On April 1,2020,the United States Bankruptcy Court for the SouthernDistrict of New York (the “Bankruptcy Court”), having jurisdiction overthe chapter 11 case jointly administered under the caption OneWebGlobal Limited, et al., No. 20-22437 (RDD) (the “Chapter 11 Case”),entered an interim order establishing procedures (the “Procedures”)with respect to direct and indirect transfers of,and claiming a worthlessstock deduction with respect to, OneWeb Stock and related Options(each as defined in the Procedures) and scheduling a hearing to approvethe Procedures on a final order basis.

In certain circumstances, the Procedures restrict (i) transactionsinvolving, and require notices of the holdings of and proposedtransactions by, any person, group of persons, or entity that is or, as aresult of such a transaction, would become a Substantial Stockholderof the OneWeb Stock and (ii) claims by any Majority Stockholder ofa worthless stock deduction under section 165(g) of the InternalRevenue Code with respect to the OneWeb Stock (a “Worthless StockDeduction”).For purposes of the Procedures,a“Substantial Stockholder”is any person or Entity (as defined in the Procedures) that BeneficiallyOwns, directly or indirectly, at least 318,905 shares (including, for theavoidance of doubt, shares for which any Penny Warrants (as definedin the Procedures) are exercisable) of OneWeb Stock (representingapproximately 4.5% of all issued and outstanding OneWeb Stock),and a “Majority Stockholder” is any person or Entity that BeneficiallyOwns at least 3,543,397 shares (including, for the avoidance of doubt,shares for which any Penny Warrants are exercisable) of OneWebStock (representing approximately 50% of all issued and outstandingOneWeb Stock) or any person or Entity that would be a “50-percentshareholder” (within the meaning of section 382(g)(4)(D) of theInternal Revenue Code) of OneWeb Stock if such person claimed aWorthless Stock Deduction. Any prohibited acquisition or othertransfer of, or claim of a Worthless Stock Deduction with respectto, OneWeb Stock (including Options) will be null and void ab initioand may lead to contempt, compensatory damages, punitivedamages, or sanctions being imposed by the Bankruptcy Court.

The Procedures, as approved on an interim basis and asrequested on a final basis, are available on the website of OmniAgent Solutions, the Debtors’ Court-approved claims agent,located at http://www.omniagentsolutions.com/onewebglobal,and on the docket of the Chapter 11 Cases, Docket No. 20-22437(RDD), which can be accessed via PACER at https://www.pacer.gov.

A direct or indirect holder of, or prospective holder of,OneWeb Stock that may be or become a Substantial Stockholderor a Majority Stockholder should consult the Procedures.

PLEASE TAKE NOTICE that the final hearing with respect to theProcedures will be held on April 24, 2020, at 10:00 a.m. (prevailingEastern Time), and any objections or responses must be in writing,filed with the Court (with a copy delivered to Chambers), and servedupon (a) the Debtors, c/o OneWeb Global Limited, 50 Main Street, Suite1000, White Plains, NY 10606 (Attn: Kathleen Guerere); (b) proposedcounsel to the Debtors, Milbank LLP, 55 Hudson Yards, New York, NY10001 (Attn: Dennis F. Dunne, Esq.; Tyson M. Lomazow, Esq.; Lauren C.Doyle, Esq.; and Andrew M. Leblanc, Esq.); (c) the Office of the UnitedStates Trustee, 201 Varick Street, Suite 1006, New York, NY 10014 (Attn:Richard Morrissey, Esq. and Shannon Scott, Esq.; and (d) any other partywho has requested notice in these chapter 11 cases (the “ObjectionNotice Parties”), in each case so as to be received no later than4:00 p.m. (prevailing Eastern Time) on April 17, 2020.

PLEASE TAKE FURTHER NOTICE that the requirements set forth inthe Procedures are in addition to the requirements of Bankruptcy Rule3001(e) and applicable securities, corporate, and other laws and do notexcuse non-compliance therewith.

Dated: April 1,2020, NewYork,NewYork BY ORDER OF THE COURT

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Exhibit B

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SPORTS USA TODAY ❚ THURSDAY, APRIL 9, 2020 ❚ 3C

NOTICES

LEGAL NOTICE

ATTENTION DIRECT, INDIRECT, AND PROSPECTIVE HOLDERS OF STOCK ISSUED BYONEWEB GLOBAL LIMITED:

On April 1, 2020, the United States Bankruptcy Court for the Southern District of New York (the“Bankruptcy Court”), having jurisdiction over the chapter 11 case jointly administered under the captionOneWeb Global Limited, et al., No. 20-22437 (RDD) (the “Chapter 11 Case”), entered an interim order estab-lishing procedures (the “Procedures”) with respect to direct and indirect transfers of, and claiming a worth-less stock deduction with respect to, OneWeb Stock and related Options (each as defined in the Procedures)and scheduling a hearing to approve the Procedures on a final order basis.

In certain circumstances, the Procedures restrict (i) transactions involving, and require notices of theholdings of and proposed transactions by, any person, group of persons, or entity that is or, as a result ofsuch a transaction, would become a Substantial Stockholder of the OneWeb Stock and (ii) claims by anyMajority Stockholder of a worthless stock deduction under section 165(g) of the Internal Revenue Code withrespect to the OneWeb Stock (a “Worthless Stock Deduction”). For purposes of the Procedures, a “SubstantialStockholder” is any person or Entity (as defined in the Procedures) that Beneficially Owns, directly or indi-rectly, at least 318,905 shares (including, for the avoidance of doubt, shares for which any Penny Warrants (asdefined in the Procedures) are exercisable) of OneWeb Stock (representing approximately 4.5% of all issuedand outstanding OneWeb Stock), and a “Majority Stockholder” is any person or Entity that Beneficially Ownsat least 3,543,397 shares (including, for the avoidance of doubt, shares for which any Penny Warrants areexercisable) of OneWeb Stock (representing approximately 50% of all issued and outstanding OneWeb Stock)or any person or Entity that would be a “50-percent shareholder” (within the meaning of section 382(g)(4)(D) of the Internal Revenue Code) of OneWeb Stock if such person claimed a Worthless Stock Deduction. Anyprohibited acquisition or other transfer of, or claim of a Worthless Stock Deduction with respect to,OneWeb Stock (including Options) will be null and void ab initio and may lead to contempt, compen-satory damages, punitive damages, or sanctions being imposed by the Bankruptcy Court.

The Procedures, as approved on an interim basis and as requested on a final basis, are avail-able on the website of Omni Agent Solutions, the Debtors’ Court-approved claims agent, located athttp://www.omniagentsolutions.com/onewebglobal, and on the docket of the Chapter 11 Cases,Docket No. 20-22437 (RDD), which can be accessed via PACER at https://www.pacer.gov.

A direct or indirect holder of, or prospective holder of, OneWeb Stock that may be or become aSubstantial Stockholder or a Majority Stockholder should consult the Procedures.

PLEASE TAKE NOTICE that the final hearing with respect to the Procedures will be held on April 24, 2020,at 10:00 a.m. (prevailing Eastern Time), and any objections or responses must be in writing, filed withthe Court (with a copy delivered to Chambers), and served upon (a) the Debtors, c/o OneWeb Global Limited,50 Main Street, Suite 1000, White Plains, NY 10606 (Attn: Kathleen Guerere); (b) proposed counsel to theDebtors, Milbank LLP, 55 Hudson Yards, New York, NY 10001 (Attn: Dennis F. Dunne, Esq.; Tyson M. Lomazow,Esq.; Lauren C. Doyle, Esq.; and Andrew M. Leblanc, Esq.); (c) the Office of the United States Trustee, 201 VarickStreet, Suite 1006, New York, NY 10014 (Attn: Richard Morrissey, Esq. and Shannon Scott, Esq.; and (d) anyother party who has requested notice in these chapter 11 cases (the“Objection Notice Parties”), in each caseso as to be received no later than 4:00 p.m. (prevailing Eastern Time) on April 17, 2020.

PLEASE TAKE FURTHER NOTICE that the requirements set forth in the Procedures are in addition to therequirements of Bankruptcy Rule 3001(e) and applicable securities, corporate, and other laws and do notexcuse non-compliance therewith. Dated: April 1, 2020, New York, New York BY ORDER OF THE COURT

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complexion of the tournamentas it so often has. In a span of 25minutes, Poulter, Koepka, Mo-linari and Finau visited the wa-tery grave that is Rae’s Creekand each made double-bogey 5.After Molinari rinsed his teeshot, Woods, trailing by two,stepped on a 9-iron shot andfound the putting surface, thennailed a 6-footer for par afterleaving his 40-footer for birdiewell short. Just that quick, hehad a share of the lead.

Woods: (Molinari) justopened Pandora’s box to who’sgoing to win the championship.Frankie, he hit an 8-iron at 12and he didn’t hit it solid, endedup wet. But Tony hit a greatshot. Tony hit it right on hisnumber, hit the perfect shape,but you could see the wind justhold it up right at its peak, andyou could see it get slammed,and that’s just enough for it toend up in the water. But he hit agood shot.

LaCava: I think it helpedhim in that he hit it about ashard as he could hit a 9-iron.You know as a player or a cad-die when a player mis-hits it,you can tell. Molinari did not hitit flush. Having said that, to fol-low a guy that just hit one moreclub than you’re about to hitand hit it in the water, thatmight get you thinking a littlebit. I think it might have helpedus. He might have been think-ing a stock 9-iron and insteadhe ripped it. It was 10 feet left ofwhere he was looking. But atthe same time, after you see aguy hitting one club farther andgo in the water even though hemis-hit it, it’s hard to go fartherright. So that was big.

Molinari: Obviously, a greatweek in general but not the out-come I was hoping for with sev-en holes to go. To be fair, I hadnever been anywhere near incontention in the Masters, somy biggest take from the week,when I got there last year, I wasin a much stronger place than Ihad ever been. How it ended isjust golf. Obviously, I’m not thefirst guy to hit a ball into the wa-ter on 12.

Koepka: I didn’t even hit abad shot on 12. I think that’s themisconception. We’re all tryingto hit it in the same spot in thecenter of the green. And thenthe wind just flares up. I actu-ally went into the ball, backedoff it because the wind was offthe right. It should have beenjust off the left and maybe ahair into. I hit it with just a littlebit too much spin, or maybejust too high. It wasn’t even abad shot. It’s one of thosethings. Poulter did the samething. And you don’t get fourguys to do that in a row. You’restanding on that tee, you’relooking at 11 green and the windis into and then you look to theright and it’s going across. It’sall timing there. It’s some luck.

Simpson: You’re standingon that hole with an 8-iron andthere is room right of the hole ifyou get it there. But if you tug itwith that club it’s going long.It’s a genius hole. It can makeus look silly.

Woods: When I got to that 12tee, the feeling was that 11played a little bit longer, andthat shot is so inviting to hit itover (toward the pin). It waswarm out. I know that I don’tquite hit the ball as far asBrooksy does, and I had 9-ironout, and I figured that his flightis more penetrating and he canget it back there, and he didn’tquite get it back there. Watch-ing Fran (Molinari) hit an 8-iron there, and you could see itand I know if he didn’t quite hitit right, but I played it to the left.Tony (Finau) hit the best shotof all of us and he got stood upat the very end. He hit it flush,but it stalled out at the top. If Ihad gone at the flag, my ballwould have been the samething, because mine, I playedleft, and it stalled out at itsapex, ended up short left, and Ihad a putt.

Simpson: You could feelhow much everybody wantedTiger to win. When I made bird-ie on 13, there was like eightclaps. Everybody else wascheering for Tiger. And thatwas the first time at Augustawhere I heard anyone cheer fora water ball. They cheered forMolinari’s and Finau’s water

balls because it meant Tigerhad a better chance.

The 15th hole

Before Tiger hit his secondshot on 15 after a 300-yarddrive, five players were tied forthe lead. Few remember thatMolinari, despite his water ballon 12, was one of the five as hebirdied 13 after his mishap. Butthe 15th proved as critical as the12th, as Molinari lost his chanceto win the green jacket on thefamous par 5 as his third shothit branches and fell into thepond guarding the green, lead-ing to a double-bogey 7. Mean-while, Woods took the outrightlead with a birdie after a two-putt from 45 feet. This hole alsoproved critical for Cantlay, whowas playing well ahead of theleaders. Cantlay steadilymoved up the leaderboard andearlier had taken the outrightlead with an eagle on this hole.But then he bogeyed 16 and 17.The hole proved crucial forSchauffele and Finau, as well.

Cantlay: I was so far aheadof everyone else, so eventhough I had the lead, I knewthe leaders were on the 10th,11th holes and had all the easyholes to play. So I knew realisti-cally I needed a birdie or two tohave a chance. When I madebirdie on 5 on Sunday, I knew Iwas getting there. As I wasclimbing up the leaderboard, Icould feel it.

Schauffele: The unravelingfor me started on the 15th teebox. I hit it right out into thetrees. I just had like a childishmoment. I was literally stand-ing over my driver and Ithought, “Holy crap, I’m lead-ing the Masters.” Which is cool,but at the same time, fake it tillyou make it. Act like you’vebeen there. And I didn’t.

Molinari: I should have hit abetter second shot on 15. The12th hole that day was playingparticularly tough, especiallywith the wind, and a few guysin front of us hit the ball into thewater, too. So (the shot at 12)can happen. So I was still in it,tied with Tiger, so 15 was theblow that kind of stopped myround. I was on the needles onthe right (after his drive) and Ihad to hit a low shot because Ihad some tree limbs in front ofme. So I tried to chip a 4-irondown the hill and I was trying toget to the left side because Ithought to that flag I would belike chipping up the hill. But Ijust hit my second shot proba-bly 5 yards too far. And then Ihad the branches of the tree infront of me.

Woods: The most pure shotthat I hit was the second shotinto 15, just through the forest,straight up in the air and turnedit over. The shot I hit on 16, yes,that was a nice shot, and it end-ed up in a really good spot, butthe best shot I hit all day wasthe second shot into 15.

Finau: I’d like to have thateagle putt on 15 back. I hit 7-iron from 195 and had 7 feet upthe hill, right to left, and itbroke a lot. I barely pulled it andmissed it on the left edge.Tapped in for birdie. Even withthe fiasco at 12, I would havebeen one back with that eagle.

The 16th hole

This hole has been good toWoods over the years. It washere in 2005 on Sunday he hadhis Nike moment, his ball hang-ing on the lip for 1.8 seconds be-fore the swoosh dropped intothe hole, completing an im-probable chip-in birdie en routeto his playoff victory againstChris DiMarco. Fast-forward 14years and Woods is on the tee inthe final round with a one-stroke lead and Olympic starMichael Phelps in the frontrow. Woods nearly aced it, hisball coming off his 8-iron andstopping 3 feet from the hole.

Woods: I did not notice Mi-chael (Phelps) was back there. Iwas locked into what I was do-ing. I had just taken the lead on15. I already had an idea if it wasgoing to be 7 or 8 (iron), andthat’s what I kept thinking andreminding myself that, hey, I’vegot to be committed to eithershot. And then when we gotover and the wind started pick-ing up, I went in with 8-iron.

But, no, I did not know who wasthere, and to see the reaction,to see Verne (Lundquist) call itand (later on TV replay) to seeMichael, basically, bendingover in the same position that Iwas in, leaning forward, thatwas pretty cool.

Simpson: We’re on 17 tee,and Tiger hits and lands it onthe hill and it starts trickling.We have a perfect view. Crowdis so excited. They want it to goin. It looks like it’s going in. AndPaul (Tesori, Simpson’s caddie)turns around and looks at meand says, “What if this wentin?” It was one of those mo-ments you’ll never forget. Thecrowd is so loud they’re oblivi-ous to everyone on the tee.

The 17th hole

The former historic Eisen-hower Tree to the left of thefairway was an imposing ob-stacle Woods often tangledwith over the years, but sincean ice storm in 2014 caused itsdemise, his unease was slightlylessened. Now the other treesAugusta National planted onthe right side of the fairwayprovided trepidation. The holehas always caused Woods fits.On this day, however, he got thebetter of 17 and protected histwo-shot lead.

Woods: I kept telling myselfon 17, that tee shot, I said, “I’vebeen in this position before.” Ihad a two-shot lead with Di-Marco and went bogey, bogey.Let’s go ahead and pipe this ballright down the middle. Hit a lit-tle flat squeezer out there and Idid, I just smoked it. I made par.

LaCava: That was the bestshot of the tournament. He hit a1-foot cut and hit it past TonyFinau. He stepped up and hit atee shot that is probably not hisfavorite tee shot. To pipe it andjust hammer it, fantastic.

Justin Rose, who hadmissed the cut and waswatching at home: The teeshot he hit on 17, I think was ev-erything for me. That’s just atee shot that you can’t hidefrom, it’s straightaway, it’s likeyou either hit it straight oryou’re in the trees. With a two-shot lead, 17 was the only holethat could have really made itdifficult for him. So that wascool to see that.

The 18th hole

Johnson, who birdied four ofhis final six holes, and Koepka,who eagled the 13th after hisdouble on 12 and birdied 15,each had birdie putts thatwould have forced Woods topar 18 to win in regulation. Bothmissed. Woods was in the fair-way when Koepka missed hisattempt and then knew hecould make bogey and still win.He was very cautious fromthere, laying up well short ofthe green with his second shot.A pitch and two putts later, hewas the Masters master again.

Koepka: I thought I hit agood putt. (Poulter’s) puttfooled me. Poulter looked likehe hit it and it looked like it wasgoing to go right in and then itwent right. And I read it a right-lip putt, and then I just tried tohit it straight and hit it firm, andthen mine broke.

Johnson: I had a chance towin. I had a really good shot,just couldn’t get it in the hole. I

hit some good putts. I justburned edges. You can alwaysmake more putts. It wasn’t likethey were long ones though.They were 15 feet or in, most ofthem. So I had good looks. Iknew I needed to birdie 18. I fig-ured if I birdied 18, I wouldprobably get in the playoff. Ihad 14 feet maybe, straight upthe hill. It just burned on theright edge. I was just short,right of the hole.

Woods: I didn’t really thinkthe tournament was truly overuntil I hit that little pitch shoton the green on 18. But (Koep-ka) had missed his putt andthat gave me a two-shot lead,and I knew that bogey was thewinning number and I played itextremely conservative over tothe right. But once I hit thatpitch up on the green, the tour-nament was over. When I waswalking up on the green, to seemy family and friends therethrough the chute, I started toget a little bit emotional and Ihad to rein it back in and say,“Hey, it’s not quite over yet. I’vehad this putt before. Let’s goahead and make this putt.”

Aftermath

After the final putt dropped,Woods thrust both arms intothe air and soaked in the mo-ment. He would share hugswith his playing partners andthen LaCava. Waiting for himafter he walked off the greenwas his son, Charlie, and theirembrace was captured by theTV cameras. Then another hugwith his daughter, Sam, and hismother, Tida. A pathway split-ting thousands of patronschanting, “Ti-Ger, Ti-Ger, Ti-Ger,” rocked his eardrums as hemade the triumphant walk tothe clubhouse. There he wasgreeted by colleagues and Mas-ters champions including Bern-

hard Langer, Zach Johnson,Bubba Watson, Adam Scott andCraig Stadler, as well as RickieFowler, Justin Thomas,Schauffele, Poulter and Koep-ka. Shortly after signing hisscorecard, Woods slipped onthe green jacket with help fromdefending champ Patrick Reed.

Woods: This game was tak-en away from me for a few yearsthere. And I miss competing, Imiss playing. Now I have an op-portunity to do that again, andalso to be able to share it withmy kids. They don’t rememberme enjoying the game of golfbecause all they remember isDaddy on the ground in pain.And so now golf brings me somuch joy, they’re able to seethat. And if it brings a smile totheir faces, it brings a smile tomy own.

LaCava: The fact that hesaid, “We did it,” that meant ev-erything to me. I try to give theplayer or Tiger all the credit.They deserve all the credit. Buthe’s the kind of guy who makesyou feel like a team. I think heappreciates the work thatwe’ve done together and ushanging around togetherthrough bad times and goodtimes.

Rose: I’ve had a lot of con-versations with Tiger about hismotivation of wanting his kidsto see him at his best. The mo-ment on 18 was awesome. Itwas a very human moment, tosee him enjoy that with hiskids.

Reed: It was an interestingfinal round for me, because itwas the first time I started onNo. 10. Starting on 10 is a lotharder than starting on 1. That10, 11, 12 stretch is a lot harderthan the 1, 2 and 3 stretch. Butthe atmosphere and the energythat was going through thatplace with what Tiger was do-ing, you could feel it. When Iwas done, sitting there andwaiting and watching it unfold,and then to see Tiger make theputt to win, was inspiring. Toput the jacket on him was un-believable.

Koepka: That was probablythe coolest back nine in a majorchampionship I’ve ever been apart of, or just in golf in general.I think with so many guys goingup and down, the lead’s kind ofchanging hands, dependingwhat hole you’re on. I don’tknow how it looked on TV, but itwas amazing to be a part of.

Woods: It’s crazy that some-how it all came together for oneweek, one magical week, and tohave so many things go rightthat week, and that’s what youhave to do in order to win anevent. But to do it there, there’sso many little things that haveto go right. I’ve been fortunateenough to have done it four pre-vious times, but last year wasjust an amazing week.

Tiger Woods celebrates after making a putt on 18 to completehis comeback win in the Masters. MICHAEL MADRID/USA TODAY SPORTS

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