Brady, Gisele, Patriots’ Bob Kraft Among FTX Shareholders Facing Wipeout, According to Report

Brady, Gisele, Patriots’ Bob Kraft Among FTX Shareholders Facing Wipeout, According to Report

New England Patriots owner Bob Kraft and former New England Patriot Tom Brady are back in the headlines together — for all the wrong reasons. 

According to Bloomberg on Tuesday, they are “among those sharing in the pain of FTX Group’s sudden implosion.”

Sam Bankman-Fried, the founder of the collapsed cryptocurrency exchange FTX, was arrested in the Bahamas in December after U.S. prosecutors filed criminal charges.

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Bloomberg writes:

"Brady, formerly a prominent FTX booster, owns more than 1.1 million common shares of FTX Trading, bankruptcy court documents show. His ex-wife, supermodel Gisele Bündchen, has more than 680,000 shares in the same entity."

Now-Tampa Bay Buccaneer Brady and Bündchen divorced in 2022. 

Bloomberg goes on to report: 

"Meanwhile, KPC Venture Capital LLC, an entity linked to the Kraft Group, holds more than 110,000 Series B preferred shares in FTX Trading, the entity that owns its main crypto exchange, according to the court papers. The firm also owns 479,000 Class A common shares and 43,545 Series A preferred shares in West Realm Shires, the unit that owns the company’s US-based exchange.

The value of the investments couldn’t immediately be learned, but are assumed to be practically worthless. Stockholders of bankrupt companies rarely recover any of their money because US law requires creditors be repaid in order of priority, and stockholders are last in line, below those with direct claims on a company’s assets, customers and suppliers."