Posted on 11/14/2022 1:00:57 PM PST by Red Badger
Share Tweet Gab Share TelegramTelegram GettrGettr PShare Share Email Tom Brady Set to Lose a Fortune After 1 of His Investments Goes Into Freefall-Mode By Warner Todd Huston, The Western Journal Published November 14, 2022 at 12:22pm 320 Comments Share Tweet Gab Share Telegram Telegram Gettr Gettr P Share Share NFL great Tom Brady has been having a rough year. From a struggling football season to a divorce and now to a major financial setback, 2022 is not Brady’s year.
The Super Bowl GOAT started his rocky year by claiming he was retiring, only to reverse course and go right back to the gridiron, much to his wife’s dismay.
Then, Brady’s Tampa Bay Buccaneers lost five out of ten games — so far — this NFL season. That sure doesn’t seem to measure up to last year’s 13 wins and only four losses.
This is one of Brady’s worst football seasons in his professional career. In fact, three of those losses were consecutive. Not only a low spot, but it is also only the second time he’s ever lost three games in a row and the first time in 20 years.
[SNIP]
As the hits just keep coming at the NFL great, now it looks like he is about to lose his shirt as a result of a crypto currency company’s bankruptcy announcement.
Brady took an equity stake in the crypto company FTX last year, but this month the company announced a loss of up to 70 percent, meaning that Brady could lose millions in the speculation.
The seven-time Super Bowl winner not only took an equity stake in FTX, he was also a brand ambassador, selling the scheme to others and appearing in ads.
Bündchen was also all-in on FTX. Not only did she invest, she also had a role in the company. For her part, she was the company’s adviser to guide its environmental and social initiatives.
But now, the company headed by Sam Bankman-Fried looks to have lost an estimated $14.6 billion, which is 94 percent of its net worth, according to The Mirror.
Despite the high hopes, the two are now set to lose millions in the deal. While the terms of their equity deal were not made public, a small hint of their position might be seen in the fact that FTX began work on raising a round with a valuation of $32 billion right after the Brady/Bündchen deal was announced, according to CoinDesk. So, whatever they are losing, it is a pretty penny.
Tom Brady is definitely not having a good year.
NFL Ping!.................
Video
Tom Brady making a video with FTX CEO Sam Bankman-Fried
https://rumble.com/v1ufz80-tom-brady-making-a-video-with-ftx-ceo-sam-bankman-fried.html
Video
Tom Brady and Gisele doing an ad for FTX
https://rumble.com/v1u3uxm-tom-brady-and-gisele-doing-an-ad-for-ftx.html
I’ve seen it on TV...................
Brady was also a poster boy for bankrupt FTX.
Sorry, that was in the article.
Did he actually invest his own money or was he merely compensated with stock options for his endorsement? One is bad news, the other just means he did the endorsement for free in essence.
“Brady took an equity stake in the crypto company FTX last year, but this month the company announced a loss of up to 70 percent, meaning that Brady could lose millions in the speculation.”
brady took an equity stake for endorsement services, so he didn’t actually “lose a fortune” ... instead, the equity stake didn’t work out, so no fortune made, but none was “lost” either ... happens all the time ...
typical GP clickbait BS ...
If you’re relying on a football player and a supermodel for investment advice... You should probably think harder.
This Brady is broke appears to be wrong. Brady received compensation of cash and equity in FTX for his endorsements. Yes that FTX stock is worthless but based on what I read he did invest one cent of his own money into FTX. I would imagine his financial team convinced him if wanted to invest his own FTX he should be prepared to lose it all.
so far, I’ve only gleaned that they invested the $20m or so that they got for pitching this garbage. Not sure they put more of their own money in or not.
“It’s only paper.” - Sam Walton, when asked by a reporter about losing a billion dollars in the Black Friday market crash...........
So now he really does need to get a job.
I GET MY INVESTMENT ADVICE FROM TV SHOWS....................
“Tom Brady Set to Lose a Fortune”
But then again, Brady has several fortunes. He’ll be fine.
I haven’t followed the details of the FTX fiasco. How much of it was because the people running it were incompetents who took on unsound risk, how much of it was because they were crooks who defrauded their customers and investors, and how much of it was because crypto is inherently unsound even with honest and capable management?
It crashed because they treated it like a personal bank...............
Do you think Tom Brady is going to go begging for dinner tonight because FTX took a dump?
Not likely.
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