The Pittsburgh Penguins professional hockey team received a $4.82 million loan through the Paycheck Protection Program under the CARES Act stimulus bill to help businesses during the COVID-19 pandemic.
“The CARES Act provides fast and direct economic assistance for American workers, families, and small businesses, and preserves jobs for our American industries,” the Treasury Department wrote on its website.
The Penguins franchise is valued at $650 million, according to Forbes.
“With our arena being ordered closed since March and without any event revenue, we requested that our landlord, the Sports & Exhibition Authority (SEA), consider a temporary deferral of our annual rent payment due in September. This request was denied,” the Penguins replied.
“Accordingly, we borrowed $4.8M under the CARES Act program in mid-August and applied the funds to our $6.1M September rent payment to the SEA, which was used by the public agency to make its required bond payment.”
Disgusting that these bloated corporations took what truly belonged to hard working Americans who really needed it.
So, our “leaders are balking at giving American workers $2000, many of whom are in deep financial trouble.
Those same “leaders” will give BILLIONAIRES several more millions of TAXPAYER money.
You cheer.
I say start watering the Tree of Liberty.
Millionaire Senators will always help their millionaire friends.
You? You’re on your own….
Start watering that tree…