Petition urging Tom Brady’s company to repay PPP loans reaches over 150,000 signatures

A petition claiming Tom bradyThe sports performance and nutrition company, to repay more than $ 900,000 in small business loans, received nearly 160,000 signatures in just two months.

On April 15 of last year, Brady’s company TB12 received $ 960,855 from the Paycheck Protection Program (PPP), according to data released two months ago by the US Small Business Administration.

The petition asks Brady to “return this money or at least donate an equal amount to small businesses that would have received this money if his name hadn’t attracted more attention.”

The PPP is part of the small business loan program created under the CARES Act, a $ 2.2 trillion stimulus bill on Congress and the Donald trump administration adopted in March last year to deal with the economic fallout from the coronavirus outbreak.

Among its provisions, the CARES Act included $ 300 billion in one-time cash payments to U.S. citizens, a $ 260 billion increase in unemployment benefits, and the creation of the PPP, which provides forgivable loans to small businesses.

The CARES Act was enacted on March 27 last year, just a week after Brady left the New England Patriots as a free agent after two decades for sign a two-year, fully guaranteed $ 50 million deal with the Tampa Bay Buccaneers.

The 43-year-old launched TB12 in 2013 and in April of last year the Massachusetts-based company announced plans to expand to New York, Los Angeles and Tampa, where Brady has moved 11 after signing for the Bucs.

According to Sports business journal, Brady’s company was just one of 500 sports-related companies to receive at least $ 150,000 in funding from the Small Business Loan Program.

Still, the prospect of a company owned by one of the world’s highest paid athletes receiving a government loan has left a bitter taste in the mouths of some.

According to Spotrac, Brady made about $ 263 million in career income over 21 seasons in the NFL, which averages out at $ 12.5 million per year.

According to Forbes estimates, when his business mentions are factored in, Brady made over $ 350 million in his two decades in New England alone.

Last year, Brady ranked 64th on Forbes’ list of the world’s 100 highest-paid celebrities and his wife, Gisele Bündchen, was estimated to be around $ 400 million.

Brady completed 21 of his 29 passes for 201 yards and three touchdowns in the 31-9 win over the Kansas City Chiefs in Super Bowl LV earlier this month, get a seventh Super Bowl ring and a fifth Super Bowl MVP crown.

The seventh Super Bowl title means Brady has now won the Vince Lombardi Trophy more times than any of the 32 NFL franchises. For the Bucs, it was the first title since they defeated the Oakland Raiders in Super Bowl XXXVII and only the second in franchise history.

Brady now has two more Super Bowl MVP awards than any other player in NFL history.

Tom Brady # 12 of the Tampa Bay Buccaneers lifts the Vince Lombardi Trophy after winning Super Bowl LV at Raymond James Stadium on February 7 in Tampa, Florida. The Buccaneers defeated the Kansas City Chiefs 31-9.
Mike Ehrmann / Getty

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