Tom Brady’s personal brand approved for PPP loan
Tom Brady’s side concert received support from the U.S. Paycheck Protection Program, which helped small businesses during the coronavirus pandemic.
Brady’s lifestyle brand TB12 received between $ 350,000 and $ 1 million, according to documents released by the Small Business Administration this week.
A real estate company (Glazer Management) owned by the Glazer family, which itself owns the Bucs, also received a loan from the same range. The business was classified as a sports industry on loan application, but in a statement to Forbes.com, the Bucs said the money was not used for the team.
Brady, who signed a two-year contract with Tampa Bay worth $ 50 million this season, uses TB12 to promote health and wellness through various products and personal coaching sessions.
TB12, which was co-founded by the six-time Super Bowl champion, was one of 660,000 businesses and nonprofits that received at least $ 150,000 in funding from the Small Business Administration and the Treasury Department .
Neither the NFL, NHL, MLB (although some teams received assists) nor the NBA received loans, however, the Washington postEmily Giambalvo noted that five MLS clubs and national Olympic sports governing bodies have done so.