Disir
Platinum Member
- Sep 30, 2011
- 28,003
- 9,609
- 910
The Los Angeles Lakers are worth $3.7 billion. Even so, they applied for and received a $4.6 million loan from the U.S. government’s newly implemented Paycheck Protection Program.
The government implemented the program to help small businesses during the COVID-19 pandemic.
But that’s not the end of this bizarre story. The Lakers have returned the money to the federal government.
National Public Radio reported earlier this week that the Los Angeles Lakers are among the companies that have given the loan money back to the government.
“The decision to give back the money comes amid complaints that many large companies are wrongly accessing a federal loan program intended to help small businesses hurt by the coronavirus pandemic,” NPR’s Jim Zarroli wrote.
That's really cool.
The government implemented the program to help small businesses during the COVID-19 pandemic.
But that’s not the end of this bizarre story. The Lakers have returned the money to the federal government.
National Public Radio reported earlier this week that the Los Angeles Lakers are among the companies that have given the loan money back to the government.
“The decision to give back the money comes amid complaints that many large companies are wrongly accessing a federal loan program intended to help small businesses hurt by the coronavirus pandemic,” NPR’s Jim Zarroli wrote.
That's really cool.