Thursday December 7, 2023

Tom Brady Has Over 1.1M Shares in Now-Bankrupt FTX

  • FTX filed for bankruptcy in November.
  • Forbes previously estimated Tom Brady's stake in FTX was worth around $45 million.
Mark J. Rebilas-USA TODAY Sports
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Tom Brady is facing more than just lawsuits for his association with FTX.

According to court documents, the NFL legend is among the bankrupt crypto exchange’s largest individual equity shareholders — with more than 1.1 million common shares. His ex-wife Gisele Bündchen has more than 686,000.

The value of the shares are unknown, but Forbes previously estimated Brady’s stake was worth around $45 million. FTX landed a $32 billion valuation in January 2022.

KPC Venture Capital, which is linked to New England Patriots owner Robert Kraft, will also be affected. 

  • The investment firm owns more than 110,000 Series B preferred shares in FTX’s main platform.
  • KPC also owns 479,000 common shares and 43,545 Series A preferred shares in West Realm Shires, which controls the exchange’s U.S.-based operations.

NBA player Udonis Haslem is also a stakeholder. 

Miami’s Money

On Wednesday, a federal bankruptcy judge agreed to allow the removal of FTX branding from the Miami Heat’s home arena.

Miami-Dade County, the arena’s owner, was around 18 months into a 19-year deal reportedly worth $135 million. The county received roughly $20 million from the deal and is looking for a new venue sponsor.

FTX co-founder Sam Bankman-Fried pleaded not guilty to eight criminal charges related to FTX’s collapse on Jan. 3.

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