Tom Brady’s TB12 Business Getting PPP Loan Looks Terrible
The TB12 firm of former New England Patriots quarterback Tom Brady has reportedly received at least $ 350,000 as a P3 loan amid the coronavirus crisis.
The coronavirus pandemic has already affected Tom Brady and his life as a footballer, as he flies under NFL safety protocols to set up private practices with his Tampa Bay Buccaneers teammates. Now, however, it looks like COVID-19 has affected businessman Brady, back to his old Patriots days.
According to reports, the TB12 brand received between $ 350,000 and $ 1 million paycheck protection program, and we never thought it would come to that.
The government’s PPP has provided financial assistance to small businesses and organizations struggling to cope amid the pandemic since March, when the country was ordered to shut down to help curb the spread of the virus . To think that Brady and his representatives went out of their way to apply for a loan is a pretty terrible look when you consider your financial situation.
We understand the former New England Patriots quarterback is passionate about the brand TB12, and it’s unclear how much the coronavirus affected him, but he could surely withdraw money from his own wallet to help him see the current financial crisis, right? That doesn’t sound like a big request for someone worth close to $ 200 million. The reported details of that loan, $ 350,000 to $ 1 million, are most certainly pocket change for a superstar of Brady’s stature.
The quadruple MVP signed a two-year, $ 50 million contract with the Buccaneers this offseason. His $ 9 million signing bonus would have been enough on his own to cover his loan expenses, and more.
We’re sure Brady has a logical explanation for doing it, but asking for government money that could have been handed out to other small businesses that aren’t run by multi-billion dollar athletes is a pretty gruesome look. for the six-time Super Bowl Champion.