Treasury Secretary Steven Mnuchin said Tuesday he was surprised that the Los Angeles Lakers, one of the best-known and most-successful basketball franchises, took a loan designed to help small businesses weather the coronavirus pandemic.
The Lakers were the second most-valuable team in the National Basketball Association entering 2020, with a valuation of $4.4 billion, according to Forbes.
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But the LeBron James-led team is not the only major brand to take a loan from the Paycheck Protection Program, which was enacted last month to help small businesses.
Mnuchin criticized the Lakers Brass for their audacity.
Flip the Page to see his remarks: