Billionaire New England Patriots owner Robert Kraft and star NFL quarterback Tom Brady were among those who shared in the pain of FTX Group’s sudden implosion.
Brady, once a prominent FTX booster, owns more than 1.1 million shares of FTX Trading common stock, according to bankruptcy court documents. His ex-wife, supermodel Gisele Bündchen, owns more than 680,000 shares in the same entity.
Meanwhile, KPC Venture Capital LLC, an entity affiliated with the Kraft Group, owns more than 110,000 Series B preferred shares in FTX Trading, an entity that owns a major crypto exchange, according to court papers. The company also owns 479,000 Class A common shares and 43,545 Series A preferred shares in West Realm Shires, a unit of its US-based exchange.
The value of investment cannot be directly learned, but it is considered worthless. Shareholders of bankrupt companies rarely get their money back because US law requires creditors to be repaid in order of priority, and shareholders last, below those with direct claims on the company’s assets, customers and suppliers.
“At the end of the day, we’re not going to be able to recoup all the losses here,” John J. Ray III, who handled the restructuring of FTX, said last month.
Representatives for Brady and Kraft Group did not immediately respond to requests for comment.
Brady is among a group of Wall Street and Silicon Valley elites stuck with FTX stock, including Tiger Global Management, Ontario Teachers Pension Plan and Sequoia Capital, according to the documents.
Other shareholders include trusts and entities tied to billionaire Paul Tudor Jones, the family office of Dan Och and Dan Loeb of Third Point. Trusts linked to tech titan Peter Thiel are also listed.
Last year, FTX Trading raised $400 million, valuing the company at $32 billion and making its founder Sam Bankman-Fried one of the richest people in the world. He will now go on trial in October.
(Updates with additional shareholders begin in the eighth paragraph.)
-With help from Amanda Albright.
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