November 23, 2022

Worth $260m, reports suggest Tom Brady was involved in a $1m PPP loan during the pandemic

COVID-19 has brought adversities from which many people have not been able to recover. Everyone took precautions to protect themselves from the virus. And many small businesses could not support themselves. Because he imposed mandatory confinement on the whole world. Some went bankrupt, others closed permanently. However, it looks like NFL GOAT Tom Brady has taken advantage of the pandemic period. How? The US Small Business Administration released data. It showed the star quarterback received a $960,855 loan from the Paycheck Protection Program. And why did this news enrage more than one?

Well, for starters, Tampa Tom is one of the highest paid quarterbacks in the league. According to Forbes, he took in $75 million. The amount adds to his wealth of $489 million. The seven-time Super Bowl-winning QB makes his money through lucrative off-court deals. He signed a one-year contract with the Tampa Bay Buccaneers worth $15 million in 2022.

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Many did not understand why the PPP endowed nearly $1 million to one of the world’s highest-earning athletes. But could not help companies that were going bankrupt.

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PPP provided a loan to Tom Brady’s sports performance and wellness company, TB12. The QB received the $960,855 on April 15, 2020. Cambridge Savings Bank processed the loan under the CARES Act. No reports show the effect of the pandemic on the company. Nor how many jobs the loan could keep didn’t come out. Although the business was eligible for loan approval, there is no way to show whether it qualifies as an “essential” business.

The loan was canceled, but Tom Brady bought an incredibly expensive thing

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TB12, the company that Tom Brady started with his physical trainer, Alex Guerrero, in 2013 when he was QB for the New England Patriots. TB12 Inc. received the loan for eighty jobs. They were struck off. And now news has surfaced that the entire loan has been cancelled. Later on, things got a little heated, if that wasn’t enough to raise questions.

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TMZ reported in 2020 that the MVP-winning QB bought a shiny multimillion-dollar boat. It was delivered to him in St. Petersburg, Florida. Named after his beloved wife, Gisele’s environmental work, ‘Viva a Vida.’ The news came out right after the PPP loading information. It was a bad look for the GOAT.

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