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

Jul 7, 2023
Tom Brady shows of his toned torso as he models his new swimwear collection. The 44-year-old Tampa Bay Buccaneers quarterback, who launched men’s athleisure brand BRADY back in January, was pictured in the Bahamas wearing some of the latest offerings. In a recent interview with Sports Illustrated, he discussed why he was inspired to start BRADY.  'I wanted to create something that can sustain the entire part of the day. And it’s gotta look great.  'There was great intention of trying to accomplish something really special and there was a lot of details that went into our work and there was a lot of creativity to what we are doing.’. 28 Jul 2022 Pictured: Tom Brady wears swimwear from his men’s athleisure brand BRADY in a Bahamas photoshoot. Photo credit: BRADY/ MEGA TheMegaAgency.com +1 888 505 6342 (Mega Agency TagID: MEGA881807_001.jpg) [Photo via Mega Agency]

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.

Tom Brady shows of his toned torso as he models his new swimwear collection. The 44-year-old Tampa Bay Buccaneers quarterback, who launched men’s athleisure brand BRADY back in January, was pictured in the Bahamas wearing some of the latest offerings. In a recent interview with Sports Illustrated, he discussed why he was inspired to start BRADY.  'I wanted to create something that can sustain the entire part of the day. And it’s gotta look great.  'There was great intention of trying to accomplish something really special and there was a lot of details that went into our work and there was a lot of creativity to what we are doing.’. 28 Jul 2022 Pictured: Tom Brady wears swimwear from his men’s athleisure brand BRADY in a Bahamas photoshoot. Photo credit: BRADY/ MEGA TheMegaAgency.com +1 888 505 6342 (Mega Agency TagID: MEGA881807_001.jpg) [Photo via Mega Agency]

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.'”

Tom Brady shows of his toned torso as he models his new swimwear collection. The 44-year-old Tampa Bay Buccaneers quarterback, who launched men’s athleisure brand BRADY back in January, was pictured in the Bahamas wearing some of the latest offerings. In a recent interview with Sports Illustrated, he discussed why he was inspired to start BRADY.  'I wanted to create something that can sustain the entire part of the day. And it’s gotta look great.  'There was great intention of trying to accomplish something really special and there was a lot of details that went into our work and there was a lot of creativity to what we are doing.’. 28 Jul 2022 Pictured: Tom Brady wears swimwear from his men’s athleisure brand BRADY in a Bahamas photoshoot. Photo credit: BRADY/ MEGA TheMegaAgency.com +1 888 505 6342 (Mega Agency TagID: MEGA881807_001.jpg) [Photo via Mega Agency]

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.

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