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☆ Tom Brady's team was convinced they were looking at 'legit financials' when they first piled into FTX, report says
▼ + stars: | 2023-02-08 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Tom Brady and Gisele Bündchen's advisors "saw what they believed were legit financials" when they invested in FTX, per the Financial Times. The then-couple owned 1.8 million shares in FTX between them, bankruptcy filings show. There was some FOMO, but people always saw financials," the source said. Crypto exchange FTX filed for bankruptcy in November after suffering a solvency crisis linked to a selloff in its native FTT token. Read more: FTX bankruptcy documents show list of investors set to be completely wiped out, including Tom Brady and Robert Kraft

☆ Gronkowski says he would consider retiring with Patriots, if offered
▼ + stars: | 2023-02-07 | by ( Amy Tennery | ) www.reuters.com time to read: +1 min

PHOENIX, Feb 7 (Reuters) - Rob Gronkowski said he would consider retiring with the New England Patriots if he were given the chance, days after owner Robert Kraft publicly made the offer to newly re-retired Tom Brady. Brady picked up six of his seven Super Bowl rings with the Patriots but split with the franchise after the 2019 season to join the Tampa Bay Buccaneers. After a brief flirtation with retirement a year ago, he hung up his cleats for good last week. The four-times Super Bowl champion will team up with Brady again in 2024, when the former quarterback joins him on the network as a lead NFL analyst. "If that was presented, in my case, then that would definitely be something to consider because of just how much that place means to me."

☆ Robert Kraft wants Tom Brady to retire with the Patriots
▼ + stars: | 2023-02-02 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

Tom Brady #12 of the New England Patriots celebrates with team owner Robert Kraft after defeating the Seattle Seahawks 28-24 during Super Bowl XLIX at University of Phoenix Stadium on February 1, 2015 in Glendale, Arizona. New England Patriots owner Robert Kraft wants Tom Brady to re-sign with the team for one day so that he can officially end his legendary career with the franchise that drafted him 23 years ago. The seven-time Super Bowl champion is going out after the first losing season in his record-breaking career. The 45-year-old Brady started his NFL career in 2000 as a sixth-round draft pick with the Patriots. He ended up leading them to six Super Bowl titles while playing for them until 2019.

☆ JPMorgan's acquisition strategy is coming under fire. Here are the 15 fintech and consumer-focused deals done by the bank since 2020.
▼ + stars: | 2023-01-13 | by ( Carter Johnson | Rebecca Ungarino | ) www.businessinsider.com time to read: +19 min

NutmegDeal details: JPMorgan announced the acquisition in June 2021, paying approximately $1 billion. cxLoyaltyDeal details: JPMorgan said it would buy cxLoyalty's global loyalty division in December 2020. ProxymityDeal details: JPMorgan, Citi, HSBC, and other firms together invested $20.5 million in Proxymity in May 2020. Viva WalletDeal details: JPMorgan said it would acquire 49% of Viva Wallet in January 2022, pending regulatory approval. Christian Petersen-Clausen/Getty ImagesRenovite TechnologiesDeal details: JPMorgan announced on September 12 it plans to acquire Renovite.

☆ Take FTX's name off the Miami Heat's arena, the crypto exchange's bankruptcy judge orders in ending a $135 million sponsorship deal
▼ + stars: | 2023-01-12 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

FTX's bankruptcy judge has terminated its $135 million deal to sponsor the Miami Heat's home arena. Miami-Dade County has been trying to get out of the deal since the crypto exchange failed in November. In March 2021, FTX and Miami-Dade agreed a deal to award the crypto exchange the naming rights to the Heat's home arena for the next two years. But the crypto exchange filed for Chapter 11 bankruptcy in November after suffering a major liquidity crisis that wiped out around $8 billion in customer funds. Read more: FTX bankruptcy documents show list of investors set to be completely wiped out, including Tom Brady and Robert Kraft

☆ List of FTX Backers Expands to Include Kraft Group, Other Family Offices
▼ + stars: | 2023-01-11 | by ( Andrew Scurria | ) www.wsj.com time to read: 1 min

FTX raised equity capital before its collapse from Robert Kraft‘s Kraft Group and entertainment giant Endeavor Group Holdings Inc., among other newly-identified backers who now face the loss of their investments in the once-highflying exchange. The crypto firm’s chapter 11 administrators disclosed a new roster of its financial backers that listed affiliates of Kraft Group and entertainment giant Endeavor as holding common and preferred stock. FTX also disclosed that it raised capital from affiliates of investment offices including Daniel Och‘s Willoughby Capital LLC and Blue Pool Capital, a Hong-Kong office backed by Alibaba Group co-founder Joseph Tsai, according to the shareholder list, filed in bankruptcy court on Tuesday.

The U.S. Commodities Futures Trading Commission has estimated missing customer funds at more than $8 billion. The affiliates -- LedgerX, Embed, FTX Japan and FTX Europe -- are relatively independent from the broader FTX group, and each has its own segregated customer accounts and separate management teams, according to FTX court filings. In part to preserve the value of its businesses, FTX also sought Dorsey's approval to keep secret 9 million FTX customer names. Dorsey allowed the names to remain under wraps for only three months, not six months as FTX wanted. In addition to customer funds lost, the collapse of the company has also likely wiped out equity investors.

☆ FTX bankruptcy documents show list of investors set to be completely wiped out, including Tom Brady and Robert Kraft
▼ + stars: | 2023-01-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

FTX released a list of its equity holders on Monday as it continues to navigate the bankruptcy process. Some of the top holders of FTX equity included in the list are Tom Brady, Robert Kraft, and Gisele Bündchen. The FTX shares owned by Brady, Kraft, and Bündchen are expected to be worthless. Billionaire Robert Kraft, who owns the New England Patriots football team, was also listed in the FTX bankruptcy document. Other investors on FTX's equity-holder list include Wall Street's elite hedge funds and growth investors, according to the bankruptcy document.

☆ FTX's venture backers included Patriots owner Robert Kraft and billionaire Paul Tudor Jones, new filings show
▼ + stars: | 2023-01-10 | by ( Rohan Goswami | ) www.cnbc.com time to read: +2 min

The roster of high-profile investors who lost money betting on crypto exchange FTX also included New England Patriots owner Robert Kraft and billionaire hedge fund manager Paul Tudor Jones, according to court filings released late Monday. FTX's venture investors included a host of luminaries. Dan Loeb controlled over 6.1 million preferred shares through Third Point-connected venture funds. Rival exchange Coinbase held nearly 1.3 million preferred shares. CNBC has compiled and analyzed the following preferred share ownership using Delaware bankruptcy court filings.

☆ Damar Hamlin remains center stage of key Bills-Pats matchup
▼ + stars: | 2023-01-06 | by ( ) www.reuters.com time to read: +3 min

Damar Hamlin, the 24-year-old Bills safety who went into cardiac arrest during Buffalo's game against the Cincinnati Bengals on Monday night, will be at the forefront of hearts and minds. Good news came Thursday when Buffalo announced that Hamlin has shown "remarkable improvement" and "appears to be neurologically intact" despite remaining in critical condition. Every team across the league has been offering their support, too, and the Patriots (8-8) were no exception. McDermott said Thursday that Mario Hamlin, Damar's father, told Bills players to focus on Sunday's regular-season finale because it is what Damar Hamlin would want. "They got several good players, but (Josh) Allen by himself is a tough matchup for any player, any defense."

☆ Patriots Owner Robert Kraft Buys Palm Beach Penthouse for $23.75 Million
▼ + stars: | 2022-12-28 | by ( E.B. Solomont | ) www.wsj.com time to read: 1 min

Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert. New England Patriots owner Robert Kraft has paid $23.75 million for a penthouse in Palm Beach, according to property records and people familiar with the purchase. The deal sets a record for the priciest condominium ever sold in the affluent South Florida town, records show.

☆ Robert Kraft Sponsors ‘Stand Up to Jewish Hate’ Ad After a Surge in Anti-Semitism
▼ + stars: | 2022-10-31 | by ( Alyssa Lukpat | ) www.wsj.com time to read: 1 min

Sports owners and other public figures are condemning anti-Semitic speech following several high-profile incidents in recent weeks. One of the most notable denunciations came from Robert Kraft , the billionaire Jewish owner of the New England Patriots. An organization he founded, the Foundation to Combat Antisemitism, sponsored an ad encouraging people to denounce hate against Jewish people. The ad, called ”Stand Up to Jewish Hate,” aired during NFL games on Sunday.

☆ Patriots owner Robert Kraft urges people to 'stand up to Jewish hate' with ad during NFL games
▼ + stars: | 2022-10-31 | by ( Chantal Da Silva | Chantal Da Silva Is A Breaking News Editor For Nbc News Digital Based In London. | ) www.nbcnews.com time to read: +5 min

New England Patriots owner Robert Kraft sponsored an ad that ran during broadcasts of NFL games on Sunday calling on viewers to "stand up against Jewish hate." “Antisemitism is hate. For being Jewish,” the 30-second ad released by the Foundation to Combat Antisemitism and the Robert K. Kraft Family Foundation said. "My hope is this commercial will continue to enhance the national conversation about the need to speak out against hatred of all types, and particularly to stand up to Jewish hate," he said. "Those who spread messages of hate, racism and antisemitism will not be able to change the heart of this city or her people.

☆ From Jay-Z to Elon Musk: Inside the rise of Quinn Emanuel partner Alex Spiro, one of the lawyers helping the billionaire break out of his $44 billion deal to buy Twitter
▼ + stars: | 2022-09-20 | by ( Jack Newsham | ) www.businessinsider.com time to read: +14 min

Elon Musk has fired many lawyers but hired Alex Spiro for at least five cases, with a mixed record. But there's at least one lawyer who Musk seems to get along with: Alex Spiro. Spiro had been working behind the scenes for the billionaire when he was trying to buy Twitter. But they are hardly the "hardcore street fighters" Musk wants in a lawyer, according to a recent tweet of his. It's not clear how Spiro and Musk connected in the first place, but they seem to operate on the same wavelength.

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