Tom Brady Facing Backlash After His Businesses Received Massive PPP Loan

by Jennifer Shea
tom-brady-facing-backlash-after-his-businesses-received-massive-ppp-loan

Tampa Bay Buccaneers quarterback Tom Brady’s lifestyle company got nearly $1 million from the federal government through the Paycheck Protection Program (PPP).

The company, TB12 Sports, hawks everything from clothing and accessories to nutrition to home gym kits and medicine balls. 

Brady’s Company Reportedly Got $960,855 in PPP Loans

After media outlets sued the Small Business Administration (SBA), which administers the program, the SBA released a new batch of data on PPP loans. The data shows that Brady’s company received $960,855 in loans. 

It got the loans through Cambridge Savings Bank this April, Boston.com reported. The company is located in Foxborough, Massachusetts.

Brady’s net worth is estimated to be anywhere from $180 million to $200 million. He signed a two-year $50 million deal with the Buccaneers in March.

TB12 failed to disclose the number of jobs it saved as a result of the loan.

Major Backlash on Twitter

Besides the loan, Brady got something else: a massive Twitter backlash.

“A mega-rich business owner could and should cover these expenses himself,” Twitter user Denise Erickson tweeted. “These are HIS employees—if he has the money and can take care of it himself, which he obviously can, he should have. Total lack of character. I am sickened.”

“Have you considered how many companies not owned by multi-millionaires were unable to access that money for their employees because he took it?” one Twitter user pointed out.

“Brady and his wife have amassed such a fortune, no one in the Brady family or extended family will have to work until the year 2777,” one person writes. “Sports bars are getting killed. I wonder how many sports bars in Boston or Tampa could have used that $960K.”

But TB12 is not the only sports company to get a PPP loan, which can be forgiven completely if certain rules are followed.

The Los Angeles Lakers got $4.6 million in loans this April, according to CNBC. The team later returned the money. 

Outsider.com