Billionaire New England Patriots proprietor Robert Kraft and star NFL quarterback Tom Brady are amongst these sharing within the ache of FTX Group’s sudden implosion.
Brady, previously a outstanding FTX booster, owns greater than 1.1 million widespread shares of FTX Buying and selling, chapter courtroom courtroom paperwork present. His ex-wife, supermodel Gisele Bündchen, has greater than 680,000 shares in the identical entity.
In the meantime, KPC Enterprise Capital LLC, an entity linked to the Kraft Group, holds greater than 110,000 Sequence B most well-liked shares in FTX Buying and selling, the entity that owns its predominant crypto trade, in keeping with the courtroom papers.
The agency additionally owns 479,000 Class A standard shares and 43,545 Sequence A most well-liked shares in West Realm Shires, the unit that owns the corporate’s US-based trade.
The worth of the investments couldn’t instantly be discovered, however are assumed to be virtually nugatory. Stockholders of bankrupt corporations hardly ever get well any of their cash as a result of U.S. regulation requires collectors be repaid so as of precedence, and stockholders are final in line, beneath these with direct claims on an organization’s property, clients and suppliers.