During this pandemic many Americans as well as the rest of the world has been struggling to make ends meet…..our government sent checks out to many Americans as an assistance as well as many for profit corporations got cash…..something I did not…but why would the government subsidize a sports team during the pandemic?
I know WTF?
Yep the government sent funds to a hockey team….
The Pittsburgh Penguins, an NHL team valued at $650 million, received a $4.82 million loan through the Paycheck Protection Program, part of the CARES Act passed at the beginning of the coronavirus pandemic. According to Larry Brooks at the New York Post, the hockey team was the only one of the 123 teams that make up the Big Four North American Men’s Sports Leagues (MLB, NFL, NBA and NHL) to get a loan from the aid program, which was supposed to help small businesses keep employees on the payroll.