Tom Brady, one of many celebrities who received PPP loans, is expected to return his, petition says – Twin Cities

After winning his seventh Super Bowl, Tom Brady is expected to be magnanimous and repay the $ 960,855 Paycheck Protection Program loan his sports performance and nutrition business received to survive the COVID-19 pandemic, according to a new petition.

the petition has so far collected over 142,000 signatures. The Massachusetts author acknowledged that Brady deserved all the wealth he accumulated during his NFL career, but the petition stated that Brady should not have taken the PPP loan, which was designed by the government. federal government to help struggling small businesses keep their workers in pandemic lockdowns.

“By accepting this money, he is playing no better against the government than any con artist would play with a person on the street,” the petition says.

The Tampa Bay Buccaneers quarterback is said to have earned up to $ 350 million during his NFL career and accepted a two-year, $ 50 million contract when he signed with the Buccaneers last March, CNBC reported. His supermodel wife Gisele Bundchen is said to have a net worth of $ 400 million.

“It’s at times like these, the year 2020 as a whole, that we see the true nature of people,” the petition said. “The side we see about this couple is that of pure greed and being completely out of touch with what the average American is going through right now.

Brady, who won six Super Bowls while playing for the New England Patriots, started his Massachusetts-based company, TB12 Inc. in 2013. TB12 received its PPP loan on April 15, 2020, as part of the small business loan program created under the $ 2,000 billion CARES law passed by Congress and the Trump administration, has CNBC reported.

TB12 did not respond to a request for information on the impact of the pandemic or the number of jobs retained with the loan, CNBC reported. TB12 sells nutritional supplements, downloadable fitness programs, and Brady-related memorabilia.

Brady is certainly not alone among celebrities or other wealthy and well-connected people who received P3s loans last spring, as reports of hard-hit small businesses were left out of the program.

The most notorious case involved rapper and fashion mogul Kanye West, who received millions in PPP loans for his Yeezy fashion line shortly after declaring himself a billionaire, signing a 10-year collaboration with Gap, and going public with his plan to build a 52,000-square-foot mansion in his Wyoming ranch.

According to to Yahoo News, other controversial PPP loan recipients include rock band Pearl Jam, who said they would use their loan of up to $ 1 million to help pay employees at their touring company; three branches of the controversial Church of Scientology; the chapters of Soho House, the upscale private membership club that has received up to $ 22 million in loans; a company run by the family of former Transportation Secretary Elaine Chao, married to Senate Majority Leader Mitch McConnell; and a company in which Nancy Pelosi’s husband Paul Pelosi has an 8.1% stake.

Various companies linked to former President Donald Trump or his family have also received PPP loans, Yahoo News said. They include several companies linked to Jared Kushner and Ivanka Trump, such as The Observer, a media company Kushner was once in charge of. Firms linked to Thrive Capitol, a venture capital firm run by Joshua Kushner, Jared Kushner’s younger brother, have also received up to $ 2.8 million in loans, reported the New York Post.

It remains to be seen whether Kanye West, the Kushner brothers or any of the other famous PPP beneficiaries will also become the target of petitions, asking them to repay their loans.

The Brady petition said that if TB12 does not return the money, then the quarterback should donate an equal amount to struggling local small businesses that did not benefit from the program.

“Tom Brady has to do what’s right not only by my standards, but by the standards everyone has; the people who should get help are the people who really need it. Not the people who want to hoard and despise the suffering of others. says the petition.

Previous All is bad at the same time for the American banks
Next AfDB authorizes financing of Cambodian network and large-scale battery