TB12 received between $350,000 and $1 million in PPP loans

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The article I posted just before starting on this one pointed out that Tom Brady earned $2.998 million in the fiscal year ending February 29, 2020 in money-for-nothing marketing and royalty payments via the NFL. That, along with the rest of his holdings, did not stop his zealously promoted (by him) lifestyle brand from accepting money for nothing from the federal government after the pandemic struck.

Via NBC Sports Boston, the Boston Sports Journal reported on Monday that TB12 received a Paycheck Protection Program loan in the range of $350,000 and $1 million. The figure comes from federal data made public on Monday.

The so-called PPP program provided relief to small businesses during the coronavirus pandemic. To get the money, TB12 had to apply through the Small Business Administration. The TB12 Performance & Recovery Centers were temporarily closed during the pandemic.

Brady surely wasn’t the only many-times-over millionaire who owns a company that checked a few boxes and filled in a few figures to get some of the billions that Uncle Sam was handing out at the height of the financial crisis the pandemic spawned. However, the fact that someone can get federal money made available during an emergency represents a question separate and apart from whether someone should.

38 responses to “TB12 received between $350,000 and $1 million in PPP loans

  1. Making America Great Again…by continuing to keep a thumb on the working class & giving money to companies like the Lakers & Tom Brady. I’m a small business owner & I still haven’t received my PPP money. Wake up, people.

  2. Brady has accountants for that. He most likely had little clue that he was getting loan at all. If the money was going to retaining employees. What is the problem?

  3. 400 billion still unaccounted for and millionaire after millionaire receiving payments. The middle class loves to get screwed.

  4. Every penny should be paid back or donated. Disgusted that people gamed the system like this, while the majority of us are scraping by.

  5. Nothing wrong with this. Billion dollar corporations get federal loans, tax cuts, etc. while their executives make millions of dollars per year. Brady owns a small business and he qualified for the loan. I’m sure most of the other recipients aren’t poor either.

  6. Just do the right thing and return the money. Be true to your fellow Americans and do the right thing without any bluster. Thanks. Fellow American

  7. * sigh *

    That’s how the rich keep their money.
    They don’t spend it if they don’t have to.
    They take full advantage of tax exemptions and other government goodies.

  8. Sorry, but this is what this was made for. Why do we mix up a person’s own money with that of their business ventures?

  9. This is disgusting. This money could have gone to local, small businesses that actually need it. He should return it, now.

  10. I’m sorry but that is just greed right there..i mean come on man…
    There are fans out there buying your new jersey that you get revenue from that are probably out of a job struggling and you take money from the govt?
    That is a character flaw.. shameful man.. shameful

  11. Shame on TB12, this is ridiculous. Exactly why businesses that needed the money could not get the money.

  12. I like Brady less and less

    maybe I never liked him
    just didn’t know because the Pats were saving him from himself

  13. Once a Patriot, always a Patriot. Steal, take or deflate whatever you can get your hands on.

  14. jimmyjohson2020 says:
    July 8, 2020 at 8:01 am
    Nothing wrong with this. Billion dollar corporations get federal loans, tax cuts, etc. while their executives make millions of dollars per year. Brady owns a small business and he qualified for the loan. I’m sure most of the other recipients aren’t poor either.

    Most of the people posting comments on here don’t understand how this works. They will use there jealousy of Brady/Patriots to tale a shot at Brady.

    His football earnings have NOTHING to do with his personal small business and it’s employees.
    And has another poster said he probably didn’t even know about it. He has people who run the business.
    But as usual the Patriots/Brady crybabies will ignore all ..

  15. The amount of money transferred to the wealthy since Covid started is staggering. And this revelation is even more staggering. I’m still waiting on a PPP for my biz as both rounds exhausted before my bank got the info to the SBA properly (thanks TD!). Nice to know Brady won’t have to suffer through these hard times like my business is.

  16. That money is for people whose businesses are in trouble and need it to stay afloat. There is no reason that money should be going to multi-millionaires. This administration should be watching over the middle and lower class–we, as citizens, deserve better leadership.

  17. nite2al says: Once a Patriot, always a Patriot. Steal, take or deflate whatever you can get your hands on.
    —-

    This has nothing to do with being a Patriot, this is simply greed.

  18. The crazy thing is the PPP is based on your payroll. Take your gross monthly payroll, multiply by 2.5 and that’s your loan. So to get a million dollar loan you need a monthly payroll of $400k. I have a real hard time believing his payroll is that high.

  19. Once a Patriot, always a Patriot. Steal, take or deflate whatever you can get your hands on.
    —————————-

    While I do personally think the PPP process is broken you should take this up with the government instead of letting your blind hatred and jealousy toward Brady run your mind. Since you are a Ravens fan what do you think about Baltimore’s favorite son?

    Ripken Baseball awarded at least $350K in PPP money

  20. Brady DOES NOT receive the money – the EMPLOYEES of TB12 do. Or would you rather an owner decide to SHUT DOWN a business instead of paying his employees to sit around to do nothing?

    Put another way, look at all the article about players wanting opt out and the comments that they SHOULDN’T get paid. HOW IS THIS DIFFERENT?

  21. 283diamonds says:
    July 8, 2020 at 10:47 am
    That money is for people whose businesses are in trouble and need it to stay afloat. There is no reason that money should be going to multi-millionaires. This administration should be watching over the middle and lower class–we, as citizens, deserve better leadership.
    ________________________________________

    Stop it. The money isn’t going in Brady’s pockets. It’s going toward the pay of TB12 employees who are out of work. By taking the money, TB12 (not Tom Brady) agrees to bring all of their employees back when they open. This is use instead of sending them to the unemployment line. Please understand what this money is used for instead of hating on Brady because he’s Brady.

  22. If his business disappears, he’s not gonna be hurt by it.
    I think the program is for the average Joe’s who has a small business that needs the money to stay afloat.

    If the mom & pop store or the family restaurant goes under, the people who own those will suffer.

    Somehow, I don’t think Richie Rich is going to miss any meals if his business dies.

  23. Why should he get this money? Saving the jobs of me, myself, and I are worthless. Get the money back.

  24. I’m a tax accountant. By the terms of the CARES Act, just about every business in the US qualifies for a PPP loan. SBA overstepped their authority when they started publicly shaming larger business which applied for and received the money they legally qualified for. The whole point of the program is to pay employees.

    NOBODY should have issue with TB12 receiving this money, I’m sure it was impacted or closed down just like many other businesses.

  25. Then as a tax accountant you know the SBA was created to aid, counsel, assist and protect the interests of SMALL businesses. When large companies drained the funds meant for small businesses, people had a right to be angry. The average PPP loan is around $100k, but we’ve got companies that applied for and got $20million plus. How is that in the realm of the small business administration?

  26. Brady didn’t right the bill that made these funds available. The key part about these loans was that the business that got them had to keep paying their employees and not lay them off. I don’t agree with the amount of money the US is just handing out of this virus, but if you play by the rules and keep paying your employees the money is going into the workers pockets. If he lays off our fires employees then he has to pay the money back.

  27. pkrlvr says:
    July 8, 2020 at 7:17 pm
    Then as a tax accountant you know the SBA was created to aid, counsel, assist and protect the interests of SMALL businesses. When large companies drained the funds meant for small businesses, people had a right to be angry. The average PPP loan is around $100k, but we’ve got companies that applied for and got $20million plus. How is that in the realm of the small business administration?
    —————–
    No single company in and of itself received $20 million. Facts, they’re what you ignored in your rant.

  28. Seems to me the anger in this comment section should be directed to the government officials who created and administered (or failed to) a program in which loans were given to multi-millionaires.

  29. This isn’t a great look for Brady. The truth is though this guy is worth like 200 million dollars. It’s not like he was sitting in the dark, in a scorpion shaped chair, laughing maniacally while stamping loan papers in blood of the innocent.
    It’s more likely someone paid to manage his assets made this decision and he’s maybe vaguely aware of it. Time will tell I guess. It would be a nice gesture to send this loan money back.

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