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Thread: NASCAR teams receive Payroll Protection Program funds

  1. #1
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    Angry NASCAR teams receive Payroll Protection Program funds

    Are you freakin' kidding me???

    December 3, 2020 at 9:15 AM

    Newly released information from the U.S. Small Business Administration about its Payroll Protection Program offers a more detailed look at the help received by sports teams and related businesses in the Charlotte area, among other industries.

    Some of the largest sports-related loans in North Carolina include $8.9 million to Pinehurst Resorts, home of the 2024 men?s U.S. Open golf tournament, and $6.4 million to Durham-based sports media and technology company SMT.

    Minor-league clubs, NASCAR teams and marketing agencies were among the Charlotte-area sports businesses that received PPP money.

    ?.
    In NASCAR, examples include Richard Childress Racing. The team is headquartered near the Triad and landed a loan for $6.3 million.

    Almost all of the other motorsports teams are located in the Charlotte region.

    Teams, with loan amounts in parentheses, include Chip Ganassi Racing ($3.96 million); Roush Fenway Racing ($3.5 million); team supplier Roush Yates Engines ($3.2 million); Dale Earnhardt Jr.?s JR Motorsports ($1.3 million); Kyle Busch Motorsports ($931,983); and Richard Petty Motorsports ($747,079). Richard Petty?s team is located in Lexington, the others are in Concord and Mooresville.

    See much more at Charlotte Business Journal.

    "You fail to recognize that it matters not what someone is born, but what they grow to be." -- Albus Dumbledore...

  2. #2
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    The only one on that list I see needed help would be Petty. After all, Wallace tore up a hell of a lot of cars this year.

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  4. #3
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    No need to get your balls into an uproar. They were only loans. As long as they're not bad loans like the feds made to GM under Obama, we should be alright.
    "A boy cannot become a girl and a man cannot become a woman, not even if he shuts his eyes and wishes really hard."



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