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.
I remember him, RIP......................
I should have such a problem!................😉
I am no investor, outside my IRA/401K funds, no stock guru or anything remotely knowledgeable about all the ways of finance. Derivatives are a complete mystery.
Having said that, I have always wondered why anybody would buy stock in a company that had no real assets or product besides their big computers and possibly the real estate that their offices sit on.
That’s not a solid investment, that is just plain gambling and foolishness.
Meta, especially, is nothing more than a bunch of computer geeks and gossip mongers. It’s a passing fad and people have gotten tired of it. I closed my FB account over 5 years ago and haven’t missed it on second.
Many others have as well. The novelty wears off, the revenues slow to a trickle and sooner or later it becomes ‘old fashioned’ and people stop using it totally..............
Platform, synergy, block chain, value formation, cross functional delivery, blah, blah, blah, bamboozled.
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