Fans fume after Tom Brady's $1.3 million virus relief handout
NFL superstar Tom Brady, who has a career earnings estimated at $520 million, has come under fire for accepting a Covid-19 relief loan for his business.
Brady, who recently signed for the Buccaneers, is estimated to have earned $AUD520 million - on and off the field - so far during his 20-year NFL career, according to Forbes.
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The legendary quarterback is also married to world-renown model Gisele Bundchen.
Their combined career earnings is estimated to have surpassed $1 billion.
But in a move that irked fans, Brady’s nutrition company TB12 was handed a $1.3 million Paycheck Protection Program (PPP) loan back in April under Donald Trump’s government’s initiative to help small business impacted by Covid.
Brady’s business was eligible and was granted the loan, despite more than 50 per cent of all small business that applied getting rejected, according to data from CNBC.
Tom Brady’s company took almost $1M in PPP loans, while 52% of small businesses that applied didn’t get any.
Tom Brady is worth $200,000,000. pic.twitter.com/St2L95ODxr— Sawyer Hackett (@SawyerHackett) December 4, 2020
It turns out that after @TomBrady took $1M from taxpayers for his business, he decided to buy a new 40-foot yacht named Viva A Vida for himself. https://t.co/3H08fGD0kL pic.twitter.com/fIHNXkTpEc
— Sawyer Hackett (@SawyerHackett) December 7, 2020
Tom Brady accepts PPP loan
What frustrated fans even more, the Small Business Administration published the data of the PPP loans last week just six days before Brady’s company expanded to Tampa, Los Angeles and New York.
To top it off, photos emerged from TMZ of Brady in front of his slick new yacht named ‘Viva A Vida’ that arrived late last week.
The boat shares the same name as his wife’s environmental initiative.
The TB12 company is yet to comment on the PPP loan development.
Congress and Trump announced a $2 trillion relief fund, back in March, to help small businesses survive the impact of the coronavirus pandemic.
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