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Wednesday, June 19, 2024
Law

Tom Brady, Shaq, Warriors Among Long List of FTX Creditors

  • Filing in FTX bankruptcy case lists dozens of sports figures, teams and leagues among those owed money.
  • FTX sought bankruptcy protection in November as the crypto exchange imploded.
Tom Brady accepts Sports Person of the Year award in front of FTX sponsorship
FTX

Shaquille O’Neal, Tom Brady, the Golden State Warriors, and leading sports agencies were among hundreds of creditors in FTX’s bankruptcy case. 

The names of dozens of creditors from across the sports world appeared in a federal bankruptcy court filing on Wednesday. The list didn’t include the nearly 10 million customers of FTX’s crypto exchanges that sank in November and led to federal fraud charges against founder and CEO Sam Bankman-Fried. 

The list didn’t provide the amounts owed or what the agreements with FTX were, although it is likely a mix of ad and sponsorship money that remains outstanding. 

O’Neal and Brady were among the current and former athletes with deals who are among those on the list. The others with personal sponsorship agreements with FTX listed include David Ortiz, Naomi Osaka, and Trevor Lawrence. 

Those five — along with Steph Curry— have been listed as defendants in multiple federal lawsuits filed on behalf of FTX investors. Curry isn’t listed among the creditors. 

About 20 entries dealt with FTX’s naming rights deal for the Miami Heat’s home arena. Those creditors included Miami-Dade County — which secured court approval to remove FTX’s branding and seek a new arena sponsor earlier this month — along with the Heat and the team’s charity fund. 

A roundup of other sports-related creditors: 

Media/betting companies

  • Bally Sports Sun and parent company, Sinclair Broadcast Group
  • Barstool Sports
  • Bleacher Report and parent company, WarnerMedia 
  • Comcast
  • DraftKings
  • Fox Sports/Fox Broadcasting Company
  • Huddle Up and founder Joseph Pompliano
  • Jomboy Media
  • MLB Network
  • Monumental Sports and Entertainment 
  • Netflix

Agencies/promoters: 

  • AEG Presents 
  • Allied Sports
  • CAA SPORTS
  • Excel Sports Management
  • Glushon Sports Management
  • IMG/Learfield 
  • Octagon
  • Radegen Sports Management
  • Talent Resources Sports
  • Wasserman 
  • WME Entertainment

Teams/leagues/schools:

  • FURIA Esports
  • Golden State Warriors
  • MLB
  • Miami Heat 
  • Mercedes-AMG Petronas Formula One Team
  • ONE Esports
  • League of Legends/Riot Games
  • UC Berkeley
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