Truth & Rumors > NCAA

Plank bankrolling Maryland's ACC exit?

Views
2153
Comments
79

07:42 AM ET 11.20 | Under Armour founder and Maryland alumnus Kevin Plank may take his support of athletic program to new heights. [Last week,] Under Armour announced in a SEC filing that Plank would be selling 1.3 million shares of the company "for asset diversification, tax and estate planning and charitable giving purposes." What would 1.3 million shares of Under Armour net Plank on the open market? Try a cool $56 million after taxes -- just the amount Maryland needs to pay if it leaves the ACC for greener pastures. Is it a smoking gun? No. And Plank did not immediately return requests for comment. But such generosity wouldn???t be unique. A $50 million donation would put Plank into a growing class of billionaires funneling tens of millions of dollars into college athletics.

Forbes.com

Levern Jacobs, Icon Sports Levern Jacobs, Icon Sports
November 20, 2012  08:27 AM ET

This guy re-defines the term "Sugar Daddy".

November 20, 2012  08:33 AM ET

I'll admit it....I'm a wwwhhhhooooorrrreeeee because I'd have my team wear whatever ugly uniforms are required to get that kind of money.

Fact is, people do worse things for money than wear ugly uniforms, change conferences and lose football games.

November 20, 2012  08:37 AM ET
QUOTE(#2):

Fact is, people do worse things for money than wear ugly uniforms, change conferences and lose football games.

I can only think of three or four worse things..... :-)

November 20, 2012  08:42 AM ET
QUOTE(#2):

Fact is, people do worse things for money than wear ugly uniforms, change conferences and lose football games.

Hey...don't judge me!!!! : )

November 20, 2012  08:46 AM ET
QUOTE(#4):

Hey...don't judge me!!!! : )

I can't...I admitted that I'm a

W
H
O
R
E
!!!!!!!!!!!!!!!!!!!!!!!!!!

November 20, 2012  09:04 AM ET

Of course he is. Kevin Anderson doesn't run that athletic department, Plank and Under armour do. Anderson is just a mouthpiece for Plank. Yes this will be a financial gain for the dept but part of me thinks its Under Armours plan to get into the Big 14 schools and the terps are his tool. Gonna suck when instead of just being flattened by FSU and Clemson/VT they get flattened by tOSU, Nebraska, Wisconsin, Michigan, MSU and PSU can resume a yearly destruction...Long term loss for the program IMHO.

Gonna hurt Bball (what the school is really about) as well...

November 20, 2012  09:06 AM ET
QUOTE(#5):

I can't...I admitted that I'm a ****!!!!!!!!!!!!!!!!!!!!!!!!!!

If you can't be good DC, be good at it.

November 20, 2012  09:20 AM ET

Bigger picture... Maryland's sports programs are now secure for years to come. This was a no-brainer move.

And if a "booster" (or boosters) is able to facilitate that move, then good for them.


Bottom line - if anyone thought that things were settled after Notre Dame made their decision, they were extremely naive. Conference reshuffling is far, FAR from over.

November 20, 2012  09:21 AM ET
QUOTE(#7):

If you can't be good DC, be good at it.

No kiddin'...at least wwwhhhhhoooooooorrrrrrrrreeeeeeeeessssss were smarter than me. I got screwed a lot as a school administrator and never got paid for it. Least they get paid!

November 20, 2012  09:23 AM ET

Man, this one went south in a hurry.

Comment #11 has been removed
November 20, 2012  09:27 AM ET
QUOTE(#11):

...But it is as Norka reminded us...the Superconferences are almost here.

Yup - and if you ain't leading, you are in the Big East!

November 20, 2012  09:31 AM ET
QUOTE(#11):

Andy Staples made a pretty good argument in his column as to why Maryland and Rutgers needed to join the B1G. He even pulled some one-liners we wrote on FN recently to rebut them and make his case. OK, call me an pathetic traditionalist, but I still don't like the move. But it is as Norka reminded us...the Superconferences are almost here.

I understand the move, I just think it hurts in the long run. Sure the money will be nice for a while. But it's all about football now and how's it going to help when you get trounced by 6 teams a year instead of 2? Not to mention taking your star program (albeit not the money machine) basketball to a lesser conference.

For years people around here HATED PSU for taking recruits away from College Park. Now the region will be raided by not only PSU but Michigan, tOSU, Nebraska you name it.. Short term gain long term pain (except for Under Armour) IMHO

November 20, 2012  09:31 AM ET

Probably a good investment for Plank. IMHO, the B1G is a bigger platform for CFB than the ACC. If he's approaching this from a marketing standpoint, the flashy uniforms and trying to be the next Oregon prob plays better from the B1G platform than it does the ACC platform.

Now, he's just got to get the facilities and coaching upgraded so they can dominate and WIN conference titles like Oregon, which also should be MUCH easier to do in the B1G than in the ACC......

Comment #15 has been removed
Comment #16 has been removed
November 20, 2012  09:35 AM ET
QUOTE(#14):

Probably a good investment for Plank. IMHO, the B1G is a bigger platform for CFB than the ACC. If he's approaching this from a marketing standpoint, the flashy uniforms and trying to be the next Oregon prob plays better from the B1G platform than it does the ACC platform. Now, he's just got to get the facilities and coaching upgraded so they can dominate and WIN conference titles like Oregon, which also should be MUCH easier to do in the B1G than in the ACC......

So now you have to go and make a realistic, well-stated, reasonable post as to why it makes sense!!! :-)

November 20, 2012  09:36 AM ET
QUOTE(#14):

Probably a good investment for Plank. IMHO, the B1G is a bigger platform for CFB than the ACC. If he's approaching this from a marketing standpoint, the flashy uniforms and trying to be the next Oregon prob plays better from the B1G platform than it does the ACC platform. Now, he's just got to get the facilities and coaching upgraded so they can dominate and WIN conference titles like Oregon, which also should be MUCH easier to do in the B1G than in the ACC......

Not sure how winning the Big 14 would be easier than winning the cake ACC...maybe in Bball

November 20, 2012  09:40 AM ET
QUOTE(#18):

Not sure how winning the Big 14 would be easier than winning the cake ACC...maybe in Bball

Not going to win it in either in CFB anyways.

 
November 20, 2012  09:40 AM ET

Easier road in BB.

Comment

Remember to keep your posts clean. Profanity will get filtered, and offensive comments will be removed.


Truth & Rumors

MOST POPULAR

  1. 1
    Howard considering five teams
    Views
    13606
    Comments
    1093
  2. 2
    Mavs shopping pick, eyeing Howard (and CP3)
    Views
    11042
    Comments
    925
  3. 3
    Donnie Baseball trying to get himself fired
    Views
    16184
    Comments
    607
  4. 4
    Why A-Rod's unloading his dream home for $30M
    Views
    8118
    Comments
    527
  5. 5
    Why Tennessee's the problem in the SEC
    Views
    2084
    Comments
    137

SI.com

Swimsuit

SI Photos