Under Armour moves to terminate $280 million deal with UCLA, Recode

Under Armour moves to terminate $280 million deal with UCLA, Recode

Under Armour moves to terminate $280 million deal with UCLA

UCLA said in a statement that it learned of Under Armour’s intentions last week and would be working to prevent it from happening.

Under Armour is trying to end its 15-year, $280 million apparel and footwear deal with UCLA.”Under Armour has recently made the difficult decision to discontinue our partnership with UCLA, as we have been paying for marketing benefits that we have not received for an extended time period,” the company said in a statement. “The agreement allows us to terminate in such an event and we are exercising that right.”Under Armour’s statement also obliquely referred to the COVID-19 pandemic, which suspended nearly all U.S. professional and amateur sports.Let our news meet your inbox. The news and stories that matters, delivered weekday mornings.”We know that this has been a cha

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