With what the guy must pay in Taxes each year I have no problem with him getting some of it back since it will be going directly to keep his employees on the payroll for the duration.
If he doesn’t use it all for payroll it never converts to a grant and he has to pay it back as a loan plus interest so what’s the issue?
And they repaid it once they found out the funds had been depleted.
“The Lakers qualified for and received a loan under the Payroll Protection Program,” a Lakers spokesperson wrote in a statement emailed to CNN Business. “However, once we found out the funds from the program had been depleted, we repaid the loan so that financial support would be directed to those most in need. The Lakers remain completely committed to supporting both our employees and our community.”
Going forward, the PPP will be questioned as to whether or not, it was an over reaction to a potential problem that may never have matured into the problem the program was attempting to circumvent?