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Floyd Mayweather’s promotion, MLS, NASCAR and IndyCar teams among those approved for PPP loans

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Boxing promotions run by Floyd Mayweather, Bob Arum and Oscar De La Hoya and teams in MLS, NASCAR and IndyCar were among a cavalcade of sports organizations that navigated a federal loan program designed to help small firms cope with the economic impact of the coronavirus pandemic. Data released Monday showed hundreds of thousands of Paycheck Protection Program recipients across a wide range of industries, and sports-related businesses were well represented. None of the four major North American sports leagues — the NFL, NBA, NHL and MLB — were among the businesses that applied, according to the data. Because the federal government released loan amounts in ranges, it wasn’t possible to determine exact amounts. The data showed businesses that applied for and received loans, though some might not have taken the funds.