I have been thinking about the unlikely scenario that he actually did sell the account. Presumably the new account owner would be getting stalked around and harassed upon receiving the account. They would probably be incredibly confused and at some point would most likely be asked to provide proof that they were not DSP. If they had actually bought the account, this person could have just shown the paypal transaction showing that they were not the original owner, and exposing Phil for selling the account. I know that they would be admitting to a ToS violation, but it would still probably be worth it so that they could get people to leave them alone. In the chance they did get banned, they could just buy a new account.
So I had a second theory and this is probably extremely retarded. What if Phil actually traded his account with someone that he knew closely, who had a slightly less whaled out account. That person gets a better account but now they are a pariah in the community, and Phil gets an account that detractors can't keep tabs on. In that case, Phil would probably agree to join forces with them and create their own faction, so that they could isolate themselves. What if Phil's account is actually one of the other accounts in Sons of Smackdown?
Again I know this is extremely retarded, and the most obvious answer is that Phil never sold the account, but it's just something that popped into my head. Then again the account has never been logged in during Phil's streaming hours to my knowledge, so this probably isn't a likely scenario.