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Tom Brady Set to Lose a Fortune After 1 of His Investments Goes Into Freefall-Mode
Gateway Pundit ^ | Published November 14, 2022 at 12:22pm | By Warner Todd Huston, The Western Journal

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.


TOPICS: Business/Economy; History; Outdoors; Sports
KEYWORDS: ftx; gaywaygunner; humblehomotard; sodomizedgunner; sodomygunner
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1 posted on 11/14/2022 1:00:57 PM PST by Red Badger
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To: Impy

NFL Ping!.................


2 posted on 11/14/2022 1:01:14 PM PST by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Red Badger

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


3 posted on 11/14/2022 1:02:04 PM PST by janetjanet998
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To: Red Badger

Video
Tom Brady and Gisele doing an ad for FTX
https://rumble.com/v1u3uxm-tom-brady-and-gisele-doing-an-ad-for-ftx.html


4 posted on 11/14/2022 1:02:51 PM PST by janetjanet998
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To: Red Badger

5 posted on 11/14/2022 1:03:05 PM PST by Theoria
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To: janetjanet998

I’ve seen it on TV...................


6 posted on 11/14/2022 1:03:34 PM PST by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Red Badger

Brady was also a poster boy for bankrupt FTX.


7 posted on 11/14/2022 1:05:31 PM PST by Huskrrrr (Alinsky, you magnificent Bastard, I read your book!)
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To: Huskrrrr

Sorry, that was in the article.


8 posted on 11/14/2022 1:07:20 PM PST by Huskrrrr (Alinsky, you magnificent Bastard, I read your book!)
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To: Red Badger

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.


9 posted on 11/14/2022 1:07:20 PM PST by pepsi_junkie (This post is subject to removal pending review by government censorship officials)
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To: Red Badger

“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 ...


10 posted on 11/14/2022 1:12:15 PM PST by catnipman (In a post-covid world, ALL "science" is now political science: stolen elections have consequences)
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To: Red Badger

If you’re relying on a football player and a supermodel for investment advice... You should probably think harder.


11 posted on 11/14/2022 1:13:04 PM PST by jerod (Nazi's were essentially Socialist in Hugo Boss uniforms... Get over it!)
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To: Red Badger

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.


12 posted on 11/14/2022 1:13:19 PM PST by C19fan
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To: Red Badger

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.


13 posted on 11/14/2022 1:13:37 PM PST by spacejunkie2001
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To: catnipman

“It’s only paper.” - Sam Walton, when asked by a reporter about losing a billion dollars in the Black Friday market crash...........


14 posted on 11/14/2022 1:14:45 PM PST by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Red Badger

So now he really does need to get a job.


15 posted on 11/14/2022 1:15:21 PM PST by ConservativeMind (Trump: Befuddling Democrats, Republicans, and the Media for the benefit of the US and all mankind.)
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To: jerod

I GET MY INVESTMENT ADVICE FROM TV SHOWS....................


16 posted on 11/14/2022 1:16:26 PM PST by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Red Badger

“Tom Brady Set to Lose a Fortune”

But then again, Brady has several fortunes. He’ll be fine.


17 posted on 11/14/2022 1:18:01 PM PST by bosco24 (EOD)
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To: Red Badger

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?


18 posted on 11/14/2022 1:18:39 PM PST by Eagle Forgotten
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To: Eagle Forgotten

It crashed because they treated it like a personal bank...............


19 posted on 11/14/2022 1:20:04 PM PST by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Red Badger

Do you think Tom Brady is going to go begging for dinner tonight because FTX took a dump?

Not likely.


20 posted on 11/14/2022 1:34:17 PM PST by Vermont Lt
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