Businesses owned by Tampa Bay Bucs QB Tom Brady and retired boxer Floyd Mayweather are said to have reportedly received loans through the federal government’s Paycheck Protection Program, according to data released Monday by the U.S. Small Business Administration.
Brady’s fitness brand, TB12 Inc., received loans of between $350,000 and $1 million while Las Vegas-based Mayweather Promotions also received a loan of between $350,000 and $1 million, according to NBC Boston.
Mayweather is one of the world’s highest-paid athletes, earning $915 million from 2010 to 2017, according to Forbes. Brady just signed a two-year, $50 million with the Tampa Bay Buccaneers.
The biggest issue with this is that the program was intended to help smaller businesses deal with the economic impact of the shutdown that began in the middle of March.
Brady and Mayweather were among several sports figures and organizations to apply for PPP assistance in recent weeks. Applicants include several teams in Major League Soccer and NASCAR, U.S. Olympics sports organizations and multiple boxing firms, including legendary promoter Bob Arum’s Top Rank.
As expected, social media had a field day with this information:
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Yikes.
