Tampa Bay Buccaneers quarterback Tom Brady and ex-wife Gisele Bündchen could lose significant amounts of dollars through the rapid FTX collapse.
As reported by Bloomberg, FTX founder and CEO Sam Bankman-Fried is close to losing 94 percent of his wealth. FTX attempted to reach a bailout deal with its rival, Binance, but Binance wound up walking away from it.
Last year, it was announced that Brady and Bündchen reached a long-term agreement with FTX. The announcement stated that they “will each be taking an equity stake in FTX Trading Limited and will both receive crypto.”
“Already having a tumultuous fall, Tom Brady and Gisele Bündchen are among the likely losers in the stunning collapse of the FTX crypto exchange…
Whether or not FTX is bailed out by Binance, Brady and Bündchen have likely lost a vast majority — if not 100 percent — of the value of their ownership stake in the firm.
Two weeks ago, Brady and Bündchen announced that they were divorcing after 13 years of marriage. They agreed to joint custody of their two children, a son and a daughter. The seven-time Super Bowl champion and three-time league MVP also has a son from a relationship with actress Bridget Moynahan.
Rumors of a looming divorce began to surface in the offseason, when the Buccaneers granted Brady an 11-day absence because of “personal reasons.” The future Hall of Famer and 45-year-old didn’t detail what the personal reasons were.
It has been widely reported that the divorce stemmed from Bündchen’s frustration over Brady deciding to play a 23rd season. He announced his retirement from football, only to state 40 days later that he was coming to play in 2022.
Brady and the Buccaneers are struggling with a 4-5 record heading into their Week 10 game against the Seattle Seahawks, which will take place in Munich, Germany. With a win, Tampa Bay can get back to .500 for the first time since Week 6.