6th Man of St. John's Basketball

Non-Sport Related Discussion => Red and White Board => Topic started by: wpc77 on November 02, 2016, 12:23:29 PM

Title: Rumor going around the markets that UA might get sold
Post by: wpc77 on November 02, 2016, 12:23:29 PM

to Adidas.  Will be interesting to see how the affects SJU and other UA schools.

Title: Re: Rumor going around the markets that UA might get sold
Post by: ayon25 on November 02, 2016, 01:05:34 PM

I can't see Kevin Plank selling to Adidas ever. Think it's just bs rumors.

Title: Re: Rumor going around the markets that UA might get sold
Post by: jumpinjohnny on November 02, 2016, 01:21:06 PM

Not going to happen

Title: Re: Rumor going around the markets that UA might get sold
Post by: nudginator59 on November 02, 2016, 01:28:49 PM

Throwing billions at anyone would make anybody think about it. With that money he could work on a new project.

Title: Re: Rumor going around the markets that UA might get sold
Post by: ayon25 on November 02, 2016, 01:37:40 PM

It would be like Steve Jobs selling Apple to Dell back in the day. The amount of time Plank has spent building up Under Armour and now this Port Covington project, just can't see it.

Title: Re: Rumor going around the markets that UA might get sold
Post by: survivedc on November 02, 2016, 01:55:49 PM

Yeah, I think this is nearly impossible. Plank is currently selling a large number of his shares in UA to diversify his portfolio or something like that.

I live in Baltimore and he recently purchased the water taxi system here, is opening up a brand new luxury hotel in fells point this winter and then has the multi billion dollar Port Covington project on the horizon. Everything he does is to further UA. The water taxis will allow employees to live in the more popular areas of the city (Canton, Fells Point, Fed Hill) and still be able to get to work easily and efficiently. The Hotel is where UA athletes (and others of course) will be staying while they are doing their promotional activities in Baltimore, it is directly across the river from the current HQ. He built UA up from a flower selling business to a behemoth that continues to grow, can't see him getting out now.

Title: Re: Rumor going around the markets that UA might get sold
Post by: Johnny23 on November 02, 2016, 03:43:17 PM

Highly unlikely Plank sells UA. He's a Maryland/DC boy. He just gave millions to his HS alma mater, St. John's DC, to turn them into an IMG type of sports academy/HS which will be another pipeline to U Maryland. Way too emotionally invested to cash out IMO.

Title: Re: Rumor going around the markets that UA might get sold
Post by: JohnnyJungle on November 02, 2016, 03:57:55 PM

I'm sitting in UA office right now. Just got the plans for beyond 2020 and zero chance.

Title: Re: Rumor going around the markets that UA might get sold
Post by: mjmaherjr on November 03, 2016, 12:29:05 AM

Rumors UA looking to buy the Jungle and start selling Jungle Armour clothes

Title: Re: Rumor going around the markets that UA might get sold
Post by: Beamer04 on November 03, 2016, 02:18:58 PM

Stop trying to Push your Personal Account agenda on the St Johns Forum.  Stick to Motley fool or stocktwits or whatever market intel website you follow.