USA Today via Reuters
Oct 9, 2022; Tampa, Florida, USA; Tampa Bay Buccaneers quarterback Tom Brady (12) works out prior to the game against the Atlanta Falcons at Raymond James Stadium. Mandatory Credit: Kim Klement-USA TODAY Sports | Reuters
USA Today via Reuters
Oct 9, 2022; Tampa, Florida, USA; Tampa Bay Buccaneers quarterback Tom Brady (12) works out prior to the game against the Atlanta Falcons at Raymond James Stadium. Mandatory Credit: Kim Klement-USA TODAY Sports | Reuters
It looks like Tom Brady cannot catch a break. He has endured several difficulties, and the bad news keeps coming. Brady’s cryptocurrency journey was a significant step. But the value of FTX dropped significantly, putting The Pharaoh’s fortune at stake. It led to the NFL Universe talking about it and delivering their thoughts on Twitter.
ADVERTISEMENT
Article continues below this ad
The world of cryptocurrency erupted after Binance took over FTX crypto. The Bahamian cryptocurrency venture has a lot of running celebrity endorsement deals. Tom Brady was among them, who held a principal role and also made investments in crypto. However, with the fallout, his assets are on the line, which could severely affect his net worth.
NFL Universe showcased concern over TB12
Several sources reported that Tom Brady’s net worth could be in jeopardy. The impact of his partnership with the venture in 2020 has been positive for the crypto market. However, the cards have reversed, and the situation is backfiring.
Tom Brady and Steph Curry Among Stars Caught up in Crypto Drama #FTX https://t.co/yGWt8CCMxo pic.twitter.com/XYXQctLoF5
— BitcoinAgile (@bitcoinagile) November 9, 2022
It led to the NFL Universe sharing their reactions after the unfortunate situation.
Twitch Streamer Al Smizzle said Tom Brady is having a bad year.
This FTX stuff is WILD. Especially when you look at the team of investors. Tom Brady is really having a bad year. pic.twitter.com/PAOi38tRDP
— Al Smizzle (@AlZeidenfeld) November 8, 2022
David Belle predicted on how would Brady do in 2041.
The year is 2041.
Tom Brady just threw a 14 yard pass and threw his hip out.
He is still in a net loss on his FTX investment.
— David Belle (@davidbelle_) November 9, 2022
Another user claimed TB12 is not having the best month by any means.
Tom Brady endured a stretch of losing 5 of 6 games, filed for divorce, just lost FTX, and has a failing NFT company. Not the best month of his career by any means.
— BHeals152 (@B_Heals152) November 8, 2022
Moreover, this user claimed that the FTX fallout is the reason Brady came out of retirement.
all this FTX stuff the real reason Tom Brady didn’t retire
man’s still got bills to pay
— sorcerer (@SolSorcerer) November 8, 2022
A user claimed Tom Brady’s investment in FTX has come full circle.
Full-circle karma for Tom Brady and his investment in FTX.
The most tone-deaf (climate change anyone?) advertising of 2022 is a great way to explain how well FTX did the last 48h!#crypto #lol https://t.co/jVIB2q5Jp0
— m4rtr3d (@m4rtr3d) November 9, 2022
This user is in disbelief on how drastically FTX has fallen.
It's crazy how FTX has fallen to this point – from Superbowl Ads, naming rights of Sport Arenas, Tom Brady sponsorship, and SBF's personal branding to now Binance bailout and the FTX brand tarnished… pic.twitter.com/qAySMyGUc1
— Tony Edward (Thinking Crypto Podcast) (@ThinkingCrypto1) November 9, 2022
Another user claimed if Gisele Bündchen did not divorce Brady earlier, she would have after the FTX drama.
If Giselle didn’t divorce Tom Brady earlier she definitely would be gone after this FTX debacle pic.twitter.com/DhbxXQWTVU
— No 🔑 No 🧀 (@bitcoinzay) November 8, 2022
Podcaster Joshuwa Roomsburg said that TB12 is taking it under the chin and must be in a lot of stress.
Damn, @TomBrady is taking one on the chin this year. Couldn't image the stress he's under. His @Buccaneers team can't catch a break, and FTX just broke… Keep your head up bro. You're still the 🐐 pic.twitter.com/luQThAFrpt
— 🎙️ Joshuwa Roomsburg 🎙️ (@JoshRoomsburg) November 9, 2022
It is a bad time for the GOAT.
How much loss could Tom Brady face after the FTX debacle?
ADVERTISEMENT
Article continues below this ad
According to CoinDesk, Tom Brady signed a long-term partnership with the FTX in 2020. The QB received bitcoin as part of the transaction, besides an ownership investment in the venture. However, because of the FTX fallout, they are currently trading at $4.50, a 72% decrease.
.@NFL legend @tombrady was already having a bad year and then @ftx happened. @thesamreynolds reportshttps://t.co/XzJWGWGJkF
— CoinDesk (@CoinDesk) November 9, 2022
ADVERTISEMENT
Article continues below this ad
There is no public statement of the size of their equity stake or the signing bonus. However, Tom Brady and Gisele Bündchen jeopardized their combined net worth of $650 million. TB12 is an ardent supporter of such endeavors. However, his investment is turning out to be a flight risk.
Watch this story: Tom Brady Went to The Same High School As This Controversial MLB Hall of Famer Who Was Also A 14x All-Star
