Truth & Rumors > NCAA
Plank bankrolling Maryland's ACC exit?
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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.
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Alana Blanchard
Alyssa Miller


Comments (79) Add A Comment
This guy re-defines the term "Sugar Daddy".
GR=O-6fan
Bumfrack, TX
Total Comments (12300)
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.
Deep Creek
Total Comments (17922)
I can only think of three or four worse things..... :-)
crimson_colored_glas…
Total Comments (1690)
Hey...don't judge me!!!! : )
HOGGIE STYLE
Total Comments (3054)
I can't...I admitted that I'm a
W
H
O
R
E
!!!!!!!!!!!!!!!!!!!!!!!!!!
Deep Creek
Total Comments (17922)
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...
randyclark623
Total Comments (172)
If you can't be good DC, be good at it.
FAMU RATTLER
Total Comments (891)
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.
Otis B. Driftwood
Total Comments (30694)
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!
Deep Creek
Total Comments (17922)
Man, this one went south in a hurry.
colonel
Total Comments (23337)
Yup - and if you ain't leading, you are in the Big East!
Otis B. Driftwood
Total Comments (30694)
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
randyclark623
Total Comments (172)
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......
WPS
Total Comments (5154)
So now you have to go and make a realistic, well-stated, reasonable post as to why it makes sense!!! :-)
crimson_colored_glas…
Total Comments (1690)
Not sure how winning the Big 14 would be easier than winning the cake ACC...maybe in Bball
randyclark623
Total Comments (172)
Not going to win it in either in CFB anyways.
colonel
Total Comments (23337)
Easier road in BB.
colonel
Total Comments (23337)
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