New York
CNN
—
Less than a year after Tom Brady and Gisele Bundchen appeared in a series of Super Bowl ads for FTX, the former couple have emerged as some of the biggest equity holders in the now-bankrupt enterprise.
Brady owns 1.1 million common shares of FTX, while Bundchen owns 686,000 shares, according to bankrupcty court documents filed Monday.
At its peak, the privately held FTX was valued at around $32 billion.
Whatever Brady and Bundchen paid for their stakes, they, along with hundreds of other investors, will almost certainly see their positions completely wiped out. (The court documents didn’t disclose what investors paid for their shares or detail when they were acquired.)
When companies go bankrupt, stockholders are typically the last in line to recover any funds. US bankruptcy laws stipulate that creditors — in FTX’s case, customers who’d deposited money on the platform — be repaid first.
A representative for the pair, who divorced in October, didn’t immediately respond to a request for comment.
Their role in boosting FTX has already come under legal scrutiny. Soon after FTX’s collapse, a customer filed a proposed class-action lawsuit against FTX founder Sam Bankman-Fried, along with Brady, Bundchen and several other celebrity backers. The case, filed by heavyweight lawyers Adam Moskowitz and…
