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.
— 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
— 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
— 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
— 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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