Petition for Tom Brady to return PPP loan passes 160,000 signatures

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Tom Brady made an extra $2.25 million during the Buccaneers’ 2020 playoff run. It’s an extra $960,000 that he got from the government that’s currently making waves, however.

A Change.org petition aimed at getting Brady to returning money that TB12 received from the pandemic-drive Paycheck Protection Program has generated more than 160,000 signatures.

The effort also has created a decent amount of media coverage, which likely will result in more signatures.

News of the specific amount received by Brady’s company first surfaced in December.

Will he return the money? Probably not. But it will be interesting to see how high the number of signatures goes.

charpie34 on May 16th, 2021 at 02:17 UTC »

Welp. I guess Tom Brady is now obligated to return the money, since all those people put their name on a website. He just has to do it now

seansinha on May 15th, 2021 at 17:05 UTC »

Doesn't TB12 have close to a hundred employees? It's not like Tom Brady got a PPP loan, his company did, under specific guidelines. As long as he adhered to the terms of the loan, I see nothing wrong.

I don't like Brady, but he didn't do anything wrong. It's not like he's tax cheating Georgia while being a congressional rep of said state.

SWWayin on May 15th, 2021 at 15:49 UTC »

Unless there's info I've missed. I don't know why he would/should give the money back.

First Tom Brady didn't receive the loan. His company TB12 did. It also has rules in place in how the money must be spent in order to be forgiven. Otherwise the company has to pay the money back, with interest.

Lastly, TB12 employs approximately 75 people. This means they received approximately $13,000/employee as per the rules set up by the government in order to help with payroll for affected employees.

If the PPP loans weren't put in place a large number of companies would have been subject to layoff; driving unemployment up.

If you want to make the argument that TB12 wasn't a company worth subsidizing, that's fine. But your argument should be with the government, not with TB12 for utilizing assistance as the government deemed acceptable.

The idea that Tom Brady and TB12 are the same thing, shows a lack of understanding in how business/incorporations are set up.