Tom Brady’s $30 Million FTX Stock Turns Worthless, Prompting Urgent Call to Company
NFL legend Tom Brady, who had received nearly $30 million in FTX stock for endorsing the company, faced a significant
NFL legend Tom Brady, who had received nearly $30 million in FTX stock for endorsing the company, faced a significant setback as the stock became worthless following FTX’s bankruptcy, according to a recent report from the New York Times.
Brady’s compensation for promoting the company primarily consisted of FTX shares, which are now deemed worthless. Moreover, the former CEO of FTX, Sam Bankman-Fried, faced charges related to financial crimes, leading to lawsuits against Brady by FTX customers.
During the fallout, Brady reportedly made an urgent phone call to FTX executive Sina Nader, responsible for the company’s partnerships. However, Nader initially missed the call, prompting surprise from Brady. Nader later returned the call and expressed his concerns to the seven-time Super Bowl winner.
“He was concerned,” Nader stated. “The very first thing he asked me was, ‘Sina, how are you doing? I know you put your heart and soul into this.'”
Brady is not the only celebrity affected by the FTX disaster. His ex-wife, Gisele Bundchen, who received $18 million in FTX stock, is also facing legal action. Other prominent endorsers associated with the company, such as Shaquille O’Neal, Stephen Curry, and Naomi Osaka, are similarly entangled in the fallout.