Los Angeles Lakers give back $4.6M Paycheck Protection Program loan

Published April 28, 2020 2:07pm ET



The Los Angeles Lakers have returned the more than $4 million the team received as part of the Paycheck Protection Program that Congress approved in response to the nationwide outbreak of the coronavirus.

Once team owners learned that funds from the first installment of the federal program had been depleted, the team “repaid the loan so that financial support would be directed to those most in need,” a spokesperson told the Los Angeles Times.

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