By One of the many distractions in Tom Brady’s final season with the Tampa Bay Buccaneers and maybe in football was the failure of the cryptocurrency trading website FTX. Brady’s reaction to this situation is becoming clearer as more information about it comes to light.
Brady allegedly dialled FTX CEO Sina Nader urgently during the company’s collapse in November as she and Sam Bankman-Fried were in the middle of a crisis meeting. Nader, however, was unable to answer the phone. Nader told the New York Times, “I never would’ve anticipated to turn down a call from Tom Brady.
Brady had inked a hefty $30 million endorsement agreement with FTX, largely in stock. Gisele Bundchen, his ex-wife, also earned $18 million in FTX shares. Unfortunately, when the business failed, the stock lost all of its value, causing Brady and Bundchen to suffer huge financial losses. They would have had to pay taxes on at least some of the shares, it is also noted.
Customers of FTX are also suing Brady and Bundchen because the firm engaged in fraud against them, causing them to incur financial losses.
Even if Brady and Bundchen have much more money than the $48 million at stake in this episode, the loss is still sizable. The demise of FTX is the latest in a string of significant snarl-ups that Brady had to deal with during the previous season, which also happened to be the time of his divorce from Bundchen.
Brady probably felt more strain when he played on the football pitch because of the mix of his personal and financial difficulties. Brady guided the Buccaneers to a successful season despite these challenges, demonstrating his amazing capacity to manage and execute in trying situations.
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