The Los Angeles Lakers received and then returned a loan from the federal government’s Paycheck Protection Program for small businesses
, the team said, as one of the league’s richest teams joined dozens of prominent American companies in returning stimulus money for coronavirus relief.
With hundreds of employees other than LeBron James and Anthony Davis, the Lakers applied for a loan from the Small Business Administration’s program. But the franchise, valued at more than $4 billion, says it returned the money amid the public...
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