Buccaneers quarterback Tom Brady and Angels two\u002Dway star Shohei Ohtani are among prominent professional athletes taking significant losses in the collapse of…
Brady and ex-wife, Gisele Bundchen, each took majority stakes in the company in September, and touted FTX in a series of commercials and encouraged peers to be part of the crypto craze.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails.
Late last week, bitcoin prices were at their lowest level in two years and another popular crypto stock, Ethereum, was on a rapid decline.Other sports and stars were deeply impacted, Barron’s and Marketwatch reported. With naming rights to the former American Airlines arena, home to the Miami Heat, and a $10 million sponsorship with the Golden State Warriors and Chase Center in San Francisco, FTX was a prominent name in the NBA. Steph Curry was a stakeholder and multiple NBA2K teams were sponsored by FTX.
Miami-Dade County and the Heat announced Friday they were looking for a new naming rights partner for the arena. Ohtani took his complete stake as an ambassador in stock, company equity and cryptocurrency, and similar contracts existed for tennis star Naomi Osaka and Jacksonville Jaguars quarterback Trevor Lawrence.
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