Mon. Jul 8th, 2024

Tom Brady’s Charity Is Good at Giving Money—to His Own For-Profit Company<!-- wp:html --><p>Photo Illustration by Luis G. Rendon/The Daily Beast/Getty</p> <p>Star NFL quarterback <a href="https://www.thedailybeast.com/tom-brady-aggravatingly-unbeatable-void-calls-it-a-day">Tom Brady</a> has had a rough year. The seven-time Super Bowl champ came out of retirement—reportedly <a href="https://www.thedailybeast.com/tom-brady-and-gisele-bundchen-to-reportedly-file-for-divorce-in-florida">wrecking his marriage</a> to supermodel Gisele Bündchen—to play a rocky season with the Tampa Bay Buccaneers. And the player and his ex-wife could now lose their sizable investment in collapsed <a href="https://www.thedailybeast.com/dollar1billion-of-ftx-client-funds-is-missing-after-crypto-collapse-as-elon-musk-weighs-in-on-sam-bankman-fried">cryptocurrency exchange FTX</a>, which filed for bankruptcy and is reportedly missing at least $1 billion in client funds. The couple took an equity stake in FTX last year as part of a deal that made them brand ambassadors. On Tuesday, investors filed a class-action lawsuit against Brady, Bündchen, and FTX’s other celebrity endorsers.</p> <p>These may not be the 45-year-old’s only setbacks. Public records for Brady’s charity reviewed by The Daily Beast reveal that his sports therapy and wellness company <a href="https://www.thedailybeast.com/tom-bradys-dangerous-alt-science-blitz">TB12, Inc.</a>, was in the red as recently as 2020, with a negative balance of $7 million in net assets.</p> <p>Meanwhile, his TB12 Foundation—lately in the news for installing his “<a href="https://www.thedailybeast.com/tom-bradys-absurd-anti-sunburn-hack-confirms-his-tb12-method-is-the-new-goop">TB12 Method</a>” for injury recovery and prevention in select Florida schools—has doubled its revenues in recent years with donations from just a handful of supporters, including multimillionaire YouTube personality Logan Thirtyacre, who shelled out $200,000. (The Brady superfan <a href="https://www.pnj.com/story/news/2020/05/14/pensacola-youtube-star-logan-thirtyacre-pays-800-k-dine-brady/5190606002/">once paid</a> $800,000 to a charity auction to dine with the GOAT and interviewed him over Zoom in at least one YouTube video.) Canadian billionaire <a href="https://www.theglobeandmail.com/business/rob-magazine/article-the-big-cheese-how-billionaire-lino-saputo-jr-built-a-global-dairy/">Lino Saputo</a> Jr., a Porsche-loving hockey fanatic who helms the Saputo cheese company, donated $250,000.</p> <p><a href="https://www.thedailybeast.com/tom-bradys-tb12-charity-is-good-at-giving-money-to-his-own-for-profit-company?source=articles&via=rss">Read more at The Daily Beast.</a></p> <p>Got a tip? Send it to The Daily Beast <a href="https://www.thedailybeast.com/tips">here</a></p><!-- /wp:html -->

Photo Illustration by Luis G. Rendon/The Daily Beast/Getty

Star NFL quarterback Tom Brady has had a rough year. The seven-time Super Bowl champ came out of retirement—reportedly wrecking his marriage to supermodel Gisele Bündchen—to play a rocky season with the Tampa Bay Buccaneers. And the player and his ex-wife could now lose their sizable investment in collapsed cryptocurrency exchange FTX, which filed for bankruptcy and is reportedly missing at least $1 billion in client funds. The couple took an equity stake in FTX last year as part of a deal that made them brand ambassadors. On Tuesday, investors filed a class-action lawsuit against Brady, Bündchen, and FTX’s other celebrity endorsers.

These may not be the 45-year-old’s only setbacks. Public records for Brady’s charity reviewed by The Daily Beast reveal that his sports therapy and wellness company TB12, Inc., was in the red as recently as 2020, with a negative balance of $7 million in net assets.

Meanwhile, his TB12 Foundation—lately in the news for installing his “TB12 Method” for injury recovery and prevention in select Florida schools—has doubled its revenues in recent years with donations from just a handful of supporters, including multimillionaire YouTube personality Logan Thirtyacre, who shelled out $200,000. (The Brady superfan once paid $800,000 to a charity auction to dine with the GOAT and interviewed him over Zoom in at least one YouTube video.) Canadian billionaire Lino Saputo Jr., a Porsche-loving hockey fanatic who helms the Saputo cheese company, donated $250,000.

Read more at The Daily Beast.

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