Sports Organizations Awarded Money Through Paycheck Protection Program (PPP)

AP Photo/Ben McKeown

More than 500 sports organizations were awarded money through the Paycheck Protection Program, according to data released Monday that disclosed all recipients that were awarded more than $150,000. No teams from the NFL, NBA, MLB, and NHL were on the list. Front Office Sports provided a cursory listing in their Wednesday morning post.

Leagues

— Big 3 Basketball: $1.6 million; returned $700,000

— Major League Rugby: $1 million to $2 million

— NWSL: $1 million to $2 million

— Premier Lacrosse League: $1 million to $2 Million

MLS Teams

— D.C. United: $1 million and $2 million

— Inter Miami: $1 million and $2 million

— Orlando City: $2 million to $5 million

— Seattle Sounders: $2 million to $5 million

Agencies

— Intersport: $2 million to $5 million

— Rep 1 Baseball + Rep 1 Football: $150,000 to $350,000 each

— Rosenhaus Sports Representation: $150,000 to $350,000

— Scott Boras Inc.: $1 million to $2 million

College Athletics

— Big Sky Conference: $150,000 to $350,000

— Conference USA: $350,000 to $1 million

— Ole Miss Athletics Foundation: $350,000 to $1 million

— National Association of Intercollegiate Athletics: $350,000 to $1 million

Other Notable Recipients

— Most USA national governing bodies were granted loans, including USA Basketball, USA Cycling, USA Football, and USA Swimming. The U.S. Anti-Doping Agency was also granted a loan.

— Tom Brady’s TB12 was granted a loan between $350,000 and $1 million, while New York Road Runners, which organizes the New York City Marathon, received a loan between $2 million and $5 million.

According to Washington Business Journal, Lerner Enterprises, a real estate developer headquartered in Rockville, Maryland, and owned by billionaire Ted Lerner also received a loan. That company received a PPP loan for between $5 million and $10 million, according to the SBA data. The loan, made by 1-year-old Trustar Bank, is credited with retaining 414 jobs, according to the data. Lerner Enterprises also owns a majority stake in the Washington Nationals baseball franchise, which just last fall won the World Series. Ted Lerner has a net worth of about $4.4 billion, according to an analysis by Forbes.

Elsewhere in the sports realm, Baltimore Orioles Hall of Famer Cal Ripken Jr.‘s youth sports business was another that received a loan received a PPP loan. Ripken Holdings LLC, more commonly known as Ripken Baseball Inc., secured a loan from PNC Bank valued at between $350,000 and $1 million, according to SBA data. The loan was approved on April 14 and supported the retention of 30 employees.

– More than a dozen organizations that field entries in NASCAR’s top three divisions filed for the loan program, which ranges from $150,000 to as much as $10 million. Richard Childress Racing (RCR) received the largest loan among NASCAR teams, with the Small Business Administration(SBA) reporting the organization was approved for the highest loan range, which is $5 million to $10 million. RCR said in the report that the loan saved 334 jobs, which span its NASCAR Cup Series and Xfinity Series entries.

– A business owned by the Glazer family that also owns the NFL’s Tampa Bay Buccaneers and the Premier League’s publicly traded Manchester United —teams worth a combined $5.4 billion at United’s current enterprise value— received a loan through the Paycheck Protection Program, according to the Small Business Administration report issued on Monday. Glazer Management, a commercial real estate company run by Kevin Glazer, one of the six children of the late patriarch Malcolm, received between $350,000 and $1 million to save 39 jobs.

By Jon Sorensen

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Washington Capitals’ Captain Alex Ovechkin took to his Twitter account on Tuesday night to deliver a message to the hockey world regarding the death of George Floyd. “RIP George Floyd 💔so sad to see what happening everywhere and DC!! it is so important for us to respect and love each other no matter what we look like!!!! We need listen and do change…pls stay safe….take care each other and family 🙏🙏🙏” #ALLCAPS #Capitals #Caps #LetsGoCaps #RockTheRed #WashingtonCapitals #alexovechkin #Ovechkin #alexovechkin #александровечкин #Овечкин #хоккей #хоккейроссиalexovechkin #Ovechkin #alexovechkin #александровечкин #Овечкин #хоккей #хоккейрос

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About Jon Sorensen

Jon has been a Caps fan since day one, attending his first game at the Capital Centre in 1974. His passion for the Caps has grown over the decades, which has included time as a season ticket holder, social media and community organizer, and most recently led to the founding of NoVa Caps in 2014. Jon earned a Bachelor's of Science in Engineering at Old Dominion University, and is a Systems Engineer during intermissions, which has been instrumental in supporting his Capitals habit.
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