USA Today via Reuters
Dec 25, 2022; Glendale, Arizona, USA; Tampa Bay Buccaneers quarterback Tom Brady (12) sits on the bench in the in the second half against the Arizona Cardinals at State Farm Stadium. Mandatory Credit: Mark J. Rebilas-USA TODAY Sports | Reuters
USA Today via Reuters
Dec 25, 2022; Glendale, Arizona, USA; Tampa Bay Buccaneers quarterback Tom Brady (12) sits on the bench in the in the second half against the Arizona Cardinals at State Farm Stadium. Mandatory Credit: Mark J. Rebilas-USA TODAY Sports | Reuters
Businesses are unpredictable. Even for Tom Brady, the legendary QB and an owner of multiple entrepreneurs, who has a knack for the business world as much as he has for the football field. As he did not win every game on the gridiron, there are bound to be some hiccups in business too. According to reports, a Brady-owned company has fired multiple employees after shuttering its operations.
The seven-time Super Bowl champion is enjoying retired life after 23 years in the NFL. And he might be using this time to streamline the chain of businesses he owns across industries.
The report suggests layoffs at a Tom Brady Company
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Podcasting as a business has taken off in recent years. So much so that many professional athletes have their own podcasts. Tom Brady went a step ahead and opened a whole podcast division in his media marketing company ‘Religion of Sports.’ But according to a New York Times report, the company has fired dozens of employees after closing down the podcast operations.
“The dumb money era is over. People had been throwing money at things just to see if they could get in and scale up audience quickly, but now everyone’s being a little bit more conservative,” audio industry expert Eric Nuzum told NYT.
Brady co-founded Religion of Sports in 2018 along with NFL legend Michael Strahan and filmmaker Gotham Chopra. It was under the banner of this company that produced many of the documentaries on the life of the QB like ‘Tom vs Time’ and ‘Man in the Arena’.
Read More: “I Used Mine”: Tom Brady Emotional Retirement Explained in 400 Words
The legendary QB owns several other companies in different sectors like TB12 Sports and a clothing line by the name of ‘Brady Brand’. But he has had his fair share of failures in business.
The Brady business debacle
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The biggest debacle that Tom Brady has faced in business is in the cryptocurrency industry. The Tampa Bay Buccaneers QB invested huge sums of money into Sam Bankman-Fried’s crypto exchange FTX. But the company tanked in November 2022 and the authorities arrested Bankman-Fried on suspicion of fraud. Brady too faced legal cases regarding his involvement in the company.
With the collapse of Sam Bankman-Fried’s FTX dominating the headlines, celebrities who promoted cryptocurrency are now facing new legal scrutiny. https://t.co/nnIg38vupC
— Jeanne-Marie Lombard (@JeanneM_Lombard) February 14, 2023
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The legendary QB announced his retirement from the football field in early February 2023. Now, he will have time to focus more on his businesses and family. And he might look into his ventures with a fresh outlook. Apart from these ventures, he also has a mega deal with FOX for football analysis. So, shutting down a single operation will not affect Brady much. Fans are curious about their idol’s next career move.
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