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18.11.25 - 20:30
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Emails Reveal Under Armor Urged Maryland To Buy Horse Farm After No Buyers - Will Gov. Moore Return Favor? (ZeroHedge)
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Emails Reveal Under Armor Urged Maryland To Buy Horse Farm After No Buyers - Will Gov. Moore Return Favor?
The pattern emerging from Under Armour CEO Kevin Plank and his Maryland-based real estate ventures suggests mounting financial strain beneath the surface. This comes as UA shares have collapsed 48% year to date, trading near record lows, raising questions about Plank's sudden need for liquidity.
In February, we noted that Plank relisted his $18.5 million, 500-acre racehorse farm, Sagamore Farm, located in upper Baltimore County, just 15 minutes north of Towson, signaled a clear need for liquidity.
Plank purchased the farm in mid-2007 for $6.5 million, invested $22 million in upgrades, and still hasn't found a buyer.
In fact, the property, located just down the street from the Hunt Cup steeplechase race, has drawn so little interest that Plank's representatives have asked Maryland Gov. Wes Moore's office to consider purchasing the horse farm.
Local outlet The Baltimore Banner repor...
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07.11.25 - 15:09
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Under Armour Underweight (DPA-AFX)
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NEW YORK (dpa-AFX Analyser) - Die US-Bank JPMorgan hat die Einstufung für Under Armour nach Zahlen mit einem Kursziel von 5 US-Dollar auf "Underweight" belassen. Matthew Boss attestierte dem Sportartikelhersteller am Freitag ein durchwachsenes zweites ......
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