Under Armour trying to pull out of deal with UCLA

Discussion in 'Husker Board' started by jlb321, Jun 27, 2020.

  1. jlb321

    jlb321 Recruiting Coordinator
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    Wisconsin - Notre Dame - Northwestern - Maryland are also UA schools

     
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  2. huskerfan66

    huskerfan66 Assistant Head Coach
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    Interesting. That is a sizeable deal with UCLA
     
  3. scarletred

    scarletred Nebraska Legend
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    Had stock in Under Amour for quite a few years made good money when my Financial advisor told me to unload on it last year that they were going into some trouble...
     
  4. huskerfan66

    huskerfan66 Assistant Head Coach
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    Sounds like your financial advisor was on top of things. Good for him/her and you. Every year there's a bunch of people that think we should dump Adidas for UA or Nike.
     
  5. jlb321

    jlb321 Recruiting Coordinator
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  6. litespeedhuskerfan

    litespeedhuskerfan Nebraska Football Hall of Fame
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    Wow!! That is a hefty chunk of change...why did UA think it was a good deal to start with??
     
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  7. Hardslider21

    Hardslider21 Newbie
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    Kevin Plank is a Maryland Alumnus, and paid for the conversion of the old field house into the new football building. UA won’t be leaving them.
     
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  8. drubendall

    drubendall Walk On
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    What is UAs problem?
     
  9. GretnaShawn

    GretnaShawn Graduate Assistant
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    If I had to guess, Nike and Addidas caught up to them. They used to have the premier product. But now everybody has the same stuff.

    Also, signing UCLA to that big of a deal seems like a pretty poor choice. Who’s buying UCLA merchandise?
     
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  10. phoenix4nu

    phoenix4nu First Team All-Big Ten
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    And loss of revenue due to COVID, I would guess.
     
    10 phoenix4nu, Jun 27, 2020
    Last edited: Jun 27, 2020
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  11. NikkiSixx

    NikkiSixx Graduate Assistant
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    You're starting to see more and more stuff like this... even the recent dump of Facebook advertising yesterday by a number of businesses was really just a way to save some money and blame it on something else.

    Your seeing businesses start to go after one another, states go after one another, and possibly even countries...
    I figure most Americans will be banned from traveling to other countries for the rest of the year due to the high covid numbers. Apparently Europe is already talking about it.

    Economic stuff is going to start getting real.
     
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  12. mel mains

    mel mains Sophomore
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    You know it’s bad when nobody even bothers to loot your stores.
     
  13. CatColumbia

    CatColumbia Senior
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    UA has never established itself in the footwear department, something Nike and Adidas has thrived in. They aren’t a lifestyle brand like the other two are. That only leaves them being a performance brand targeting the 30-52 year old father. But let’s be real, guys in this age range aren’t going to buy that many workout tanks to go to the gym. Long story short, Nike stomped on UA when they sensed a bit of momentum.
     
  14. jedimasterjed

    jedimasterjed First Team All-Big Ten
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    A poor investment by UA. North Dakota state has a bigger fan base than UCLA. West coast football is dying
     
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  15. tpmcg

    tpmcg Offensive Coordinator
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    from a fan level it sure seems that way. very fickle.

    but are participation rates really falling greater here then anywhere else? if falling rates are still the norm...
    i dont know.
     
  16. SkerInCo

    SkerInCo Blackshirt
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    Yup, I have a somewhat high level position with a fairly large publicly traded company and a lot of our clients are holding out or very slow to pay $100k+ balances every month. One way of countering that is we've put our whole AP system on a net 90 from a net 30/45. Vendors are getting pissed but we're not getting paid either. It all trickles down across multiple industries. I can't imagine what it's doing to the economy.
     
  17. rrthusker

    rrthusker Administrator
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    True and NDSU would kick the tar out of the pillow soft Bruins.
     
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  18. dinglefritz

    dinglefritz College Football Hall of Fame
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    not to change the subject but is SoFLHusker dead from the Rona or is he just on vacation?
     
  19. Crazyhole

    Crazyhole Sophomore
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    Q3 is going to be ugly. 2 year depression, minimum.
     
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  20. NikkiSixx

    NikkiSixx Graduate Assistant
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    I'm still hopeful of some kind of vaccine. I heard of one that uses some protein to bond to the virus thus making it impossible for the virus to bond to human cells for replication. It sounded promising, but not sure how far off that is. If we could get something this fall / winter, then the hit won't be quite so bad. If it is not until next summer or later, then yeah, a lot of businesses are going to go under before then.

    I was just talking to someone yesterday about how Remdevisvir would be made available to treat the virus until then, and the price had been set so that it is approx $3k for a full course per person in the US. In India, that full course will be priced around $75. Nice markup for the American market. :rolleyes:
     
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  21. drubendall

    drubendall Walk On
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    Give up on the vaccine. It's a LONG way off. Herd immunity is our only hope.
     
  22. Crazyhole

    Crazyhole Sophomore
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    The vaccine has nothing to do with it. We had a black swan event and just haven't seen the full effects of it yet. We personally and collectively are way too leveraged to lose 1 month of earnings and cash flow, let alone 4.
     
  23. NikkiSixx

    NikkiSixx Graduate Assistant
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    I know China is def too highly levered.. 304% of GDP, last time I looked. I think we are at 117%. I know a lot of finance people see the sky falling soon, and it is possible. Every fiat based currency has failed at some point. I'm of the opinion we have a long way to go still.
     
  24. Crazyhole

    Crazyhole Sophomore
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    That 117% is only public debt and doesn't take into account the FEDs repo window
     
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  25. NikkiSixx

    NikkiSixx Graduate Assistant
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    you're right on that.. the repo drive thu is now basically acting like the world bank for toxic loan rollover... at least it keeps everyone on the USD, and if everyone is on the dollar, then the damage is also exported/shared.
     

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