LA Lakers Got Millions In Virus Bailout From Trump

The LA Lakers got nearly $5 million from the coronavirus relief fund that was supposed to help small business.

“The Los Angeles Lakers have returned approximately $4.6 million that they received from a federal government program intended to help small businesses weather the economic burden caused by the coronavirus pandemic, the team said in a statement to ESPN on Monday.

The Lakers, one of the NBA’s most profitable franchises, applied for relief through the Small Business Administration’s Paycheck Protection Program, and were among the companies and nonprofits granted loans during the first round of distributions. ” [READ MORE]