• Loading stock data...
Friday, December 13, 2024

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.
Tom-Brady
Mark J. Rebilas-USA TODAY Sports

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.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Dec 9, 2023; Las Vegas, Nevada, USA; Los Angeles Lakers forward LeBron James (23) hoists the NBA Cup and celebrates with teammates after winning the NBA In-Season Tournament Championship game against the Indiana Pacers at T-Mobile Arena.

NBA Cup Year 2: Tweaks, Schedule Concerns, and Growing Pains

While Vegas has been the event’s location for the last two years, that could change because the NBA may add an expansion team in Sin City.

Mets: Not Concerned About Lower-Revenue Clubs After Soto Signing

The club dismisses concerns about fundamentally resetting the sport’s salary scale.
Dec 12, 2024; Chapel Hill, NC, USA; North Carolina Tar Heels new head coach Bill Belichick speaks to those attending his hiring announcement at Loudermilk Center for Excellence.

UNC Job Brings an End to Belichick’s Short-Lived Media Career

Bill Belichick had six media jobs this football season.
Nov 17, 2024; Chicago, Illinois, USA; Former quarterback and current NFL announcer Tom Brady looks on before the game between the Chicago Bears and Green Bay Packers at Soldier Field.

Tom Brady to Have ‘Huge’ Impact on Raiders, Says Mark Davis

“His role is undefined right now,” Davis said of Brady.

Featured Today

Nov 2, 2024; Denver, Colorado, USA; Detailed view of a Wilson NBA basketball held by a referee during the second half between the Utah Jazz against the Denver Nuggets at Ball Arena

‘Obvious Weak Point’: Refs Remain an NBA Gambling Concern

A season after Jontay Porter, the biggest risk may not be players.
Nov 2, 2024; Ann Arbor, Michigan, USA; Michigan Wolverines cheerleader runs with a flag before the game against the Oregon Ducks at Michigan Stadium.
opinion
December 7, 2024

College Football’s Billionaire Backer Era Begins

Is this the new normal in CFB recruiting?
LA Galaxy forward Dejan Joveljic (9) celebrates with midfielder Riqui Puig (10) after scoring a goal against Seattle Sounders FC in the second half in the 2024 MLS Cup Western Conference Final match at Dignity Health Sports Park
December 6, 2024

With or Without Messi, Major League Soccer Is Barreling Into the Future

After the Cup final, the league looks to accelerate its growth.
Dec 18, 2022; Lusail, Qatar; FIFA president Gianni Infantino claps during the awards ceremony after the 2022 World Cup final between Argentina and France at Lusail Stadium.
December 2, 2024

FIFA Wants More Matches. Resistance Is Growing Inside the Global Soccer World

Resentment and frustration over expanded schedules is nearing a breaking point.
Jul 24, 2024; Bronx, New York, USA; New York Yankees right fielder Juan Soto (22) flips his bat after hitting a solo home run against the New York Mets during the third inning at Yankee Stadium.

The Biggest Athlete Contracts Signed in 2024

Juan Soto and Jayson Tatum inked the biggest deals.
Caitlin Clark
December 10, 2024

Caitlin Clark Is Next Up for Taylor Swift With the Eras Tour..

Swift told Clark she and Travis Kelce want to watch the Fever.
Dec 4, 2024; Miami, Florida, USA; Miami Heat forward Jimmy Butler (22) looks to pass against Los Angeles Lakers forward LeBron James (23) in the first half at Kaseya Center.
December 11, 2024

Heat Open to Jimmy Butler Trades, but Here’s Why Deal Will Be..

The Heat are reportedly “open” to hearing trade offers for Butler.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
Aaron Rodgers
December 9, 2024

A Jets–Aaron Rodgers Divorce Could Get Expensive

The Jets could end up with $49 million or more in dead money.
December 8, 2024

Juan Soto Agrees to Groundbreaking $765 Million Mets Deal

Unlike Ohtani’s Dodgers deal, the Soto contract reportedly contains no deferred money.
Oct 26, 2024; Los Angeles, California, USA; New York Yankees outfielder Juan Soto (22) reacts after hitting a home run against the Los Angeles Dodgers in the third inning for game two of the 2024 MLB World Series at Dodger Stadium.
December 8, 2024

Juan Soto’s $700M Question Looms Over MLB Winter Meetings

Soto, Hall of Fame picks, and the draft lottery highlight the gathering.
Luis Severino
December 5, 2024

Mere $67 Million for Pitcher Is Largest Deal in A’s History 

Severino had a strong season with the Mets after a tough 2023.