Tampa Bay Buccaneers quarterback Tom Brady will make $25 million this season playing football and another $10 million annually in endorsements, so it stands to reason that he would need a $1 million federal bailout for his side hustle.
Daily Dot senior politics and tech editor David Covucci tweeted a screenshot of Small Business Administration records for Brady’s recently expanded company, TB12 Inc., showing that it receiving a $960,855 “loan” that does not need to be paid back as long as the 43-year-old keeps his staff of about 80 employees.
This is where everyone needs to know that Brady is worth $180 million, according to FOX Business, and his wife, supermodel Gisele Bundchen, is worth $400 million, according to Celebrity Net Worth.
The money came via the Paycheck Protection Program, created to help small businesses that have been devastated by the COVID-19 pandemic. About 52% of the businesses that applied for PPP loans were denied access to funds, and the program has been maligned for rewarding wealthy business owners while mom-and-pop businesses folded.
TB12 Inc. sells nutritional supplements and workout gear, with training centers in Boston and Foxboro, Massachusetts, and Tampa, Florida. It is hardly a necessary driver of the six-time Super Bowl champ’s income and could have been self-supported, with the federal benefits going to a needy family business.
Boxer Floyd Mayweather and baseball agent Scott Boras also applied for, and received, PPP loans for their side businesses.
Brady does not like to leave the pocket or reach for his pocket. The rich get richer.