While you can’t buy shares of football great Tom Brady, you can buy shares of where he’s likely to end up next: Fox (NASDAQ:FOXA). The recent past for Tom Brady has been full of ups and downs and even a few unanswered questions. One of the biggest of these is his connection to FTX.
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FTX turned out to be a disaster after it filed for Chapter 11 bankruptcy protection, and that left a lot of big-name investors holding the bag. Brady and wife, Gisele Bundchen, landed an equity stake in FTX back in 2021, along with some cryptocurrency outright and jobs for both. Brady and Bundchen owned a combined total of around $70 million worth of FTX shares. Brady owned $45 million worth, while Bundchen owned $25 million. It’s unclear just how much of that they’ll get back
This led to Brady’s crystal-clear plan of retiring for good from the NFL. That made some wonder just where Brady would go next. The likely target? Fox Sports, where Brady will earn nearly as much as his entire football career. Brady made a reported $512 million in the NFL, and with Fox, he’s set to pull in another $375 million. Even if he loses his shirt in the FTX affair, that’s somewhere around 5% of his total holdings.
As for Fox, Wall Street considers it reasonably worthwhile. Currently, analyst consensus calls Fox stock a Moderate Buy. Thanks to its average price target of $37.08, Fox stock also has 9.8% upside potential.