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Forum nameOkay Sports
Topic subjectRE: Um, why did the Lakers apply for the Paycheck Protection Program?
Topic URLhttp://board.okayplayer.com/okp.php?az=show_topic&forum=8&topic_id=2713447&mesg_id=2714449
2714449, RE: Um, why did the Lakers apply for the Paycheck Protection Program?
Posted by allStah, Tue Apr-28-20 09:09 AM
They have less than 300 employees, so they qualified for the plan. When they found out that other small businesses didn’t receive funding, due to the PPP being exhausted of funds, they returned the money.

The lakers are a business ,and the majority of the people on a sports team’s payroll are service workers. With no revenue coming in due to stay at home orders, it’s a huge financial burden to pay those workers.

You have to think of the hundreds of workers who make a living selling food and beverages, being aisle ushers , working security, supervising and superintending the arena, as well as providing janitorial services.

They wouldn’t have been wrong had they kept the money, so that was a tremendous humanitarian effort on their part.