Under Armour seeks to end record-breaking sponsorship deal with UCLA

Under Armour seeks to end record-breaking sponsorship deal with UCLA

Under Armour informed UCLA that it is attempting to terminate the deal, which was signed just four years ago, according to Ben Bolch of the Los Angeles Times.

The athletics clothing organization explained in a assertion that they are working out their correct to terminate the agreement since they have been shelling out for advertising and marketing rewards they have not gained "for an extended time period".

Under Armour said in a media statement, "Under Armour has recently made the hard 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".

UCLA has a lot of incentive to fight this. Under Armour agreed to design and supply shoes, apparel and uniforms for all 25 of the university's men's and women's varsity athletic teams beginning July 1, 2017, replacing the university's deal with Adidas.

"UCLA Athletics learned this week that Under Armour is attempting to terminate its 15-year apparel and footwear contract with us and the Bruin community", the school said in a statement.

Under Armour and the University of California, Los Angeles' (UCLA) athletics department are locked in a contractual dispute after the United States sportswear brand announced it would be cancelling its 15-year, US$280 million apparel deal.

IPhone 12 Won't Include a Charger or EarPods
Kuo, as per the report, has also said that Apple is expected to include a new 20W power adapter in the box with both iPad models. Last week images of a 20W iPhone charger leaked , suggesting Apple meant to ship the iPhone 12 with a more powerful adapter.

Company officials could not immediately be reached to comment on whether it would seek to end similar deals with other universities. Nike has deals with the other seven schools in the conference.

"We are exploring all of our options to resist Under Armour's actions and will share more information as we can".

Under Armour hasn't received the expected return on investment given UCLA's recent struggles in its marquee sports.

UCLA is planning to try and salvage the deal, UCLA athletic director Dan Guerrero wrote in a letter on Saturday.

UCLA and Under Armour's 15-year, $280 million deal was the largest in college sports history when it was signed in 2016.

Related News:



Most liked

Coronavirus vaccine: China approves Covid-19 vaccine for military use
That would be a huge scientific feat and there are no guarantees it will work, correspondents say. "The collaboration with ICMR and NIV was instrumental in the development of this vaccine ".

Ariana Grande became official Instagram with Dalton Gomez before the 27th anniversary
Then, because one shot on her Insta wasn't enough, the singer and actress posted three more v sweet shots of herself and Gomez. The singer turns 27 on Friday (June 26) and she posted some photos on Instagram in the hours leading up to her birthday.

Lakers to sign JR Smith for rest of season
If the ninth-ranked team trails by four games or less, a play-in tournament would determine the final seed. The league also will address the recent calls for social justice in the wake of George Floyd's death.

Iran Issues Arrest Warrant for Donald Trump Over Soleimani Drone Strike
While the attack on the western Iraqi base of Ain Al-Asad left no United States soldiers dead, dozens suffered brain trauma. Soleimani, the commander of the elite Quds Force, was killed in a United States airstrike when he was visiting Iraq.

Covid-19 vaccine from China shows promise in human trials
Two of these are being developed by US-based biotech and pharmaceutical companies and other four by Chinese research institutions. Once injected, these viral antigens are expressed in human cells that trigger the body's immune response.

Harry Potter RPG Reportedly Due in Late 2021
The site Bloomberg reveals today new details: two people who now work in this project confirm that the information is real. The game is scheduled to release for next-gen only in late 2021, meaning that the Harry Potter RPG will be coming to PS5.

Louis Couple Emerge From Mansion Brandishing Weapons to BLM Protestors
They also used a megaphone to communicate their desire that the city reduce funding for jails, police and prosecutors, the St. The video was removed from Facebook and Krewson apologised on Friday, stating she did not "intend to cause distress".

MS to Change State Flag After Legislature Passes Bill
All of the state's public universities and several cities and counties have stopped flying it because of the Confederate symbol. The design that is to be submitted by September 14, 2020, will appear on the November ballot for the people of MS to vote on.

Trump Tweets Video of Fan in The Villages Yelling 'White Power'
"What he did see was tremendous enthusiasm from his many supporters", White House spokesman Judd Deere said in a brief statement. The man responds by twice saying, " White power ", as a woman beside him chants, " Trump! ".

NASA releases 10-year timelapse of the Sun
A longer blackout in 2016 was caused by a temporary issue with the AIA instrument that was successfully resolved after a week. Extreme Ultraviolet Variability Experiment (EVE), meanwhile, measures fluctuations in the Sun's ultraviolet output.

Japanese Startup Creates Face Mask Attachment With Transcribing And Translating Functions
Further, Ono Pharmaceuticals, one of the oldest Japanese companies is set to sell c-masks in China, US and Europe. For this, they adopted the translation software which mapped the facial muscles and converted them into speech.

Iran issues arrest warrant for US President Trump
Recall that the United States military killed Soleimani in an air strike outside Baghdad global airport. Interpol, based in Lyon, France, did not immediately respond to a request for comment.

Calif. Gov. Newsom addresses uptick in COVID-19 cases
California Governor Gavin Newsom declared a " budget emergency " meant to assist the state with funding for the COVID-19 pandemic. The state also reported its largest ever spike in confirmed new cases on Tuesday, Governor Gavin Newsom told a news briefing.

Oil prices erase gains in US trade, set for weekly falls
US and United Kingdom public health experts warned against lifting lockdowns too quickly amid a worrying rise in infection rates. Globally, India, South Korea and New Zealand have all reported higher incidences of the Covid-19 in recent weeks.

Azure Striker Gunvolt 3 Announced by Inti Creates
Then things heated up even further with the announcement of Azure Striker Gunvolt 3 . "Hello, this is Keiji Inafune". It was also unveiled that one of Mega Man's former creators, Keiji Inafune , is involved with the game.