The $500 million purchase is Lululemon’s first acquisition and underscores its goal of being more than an apparel brand: • : Under Armour has informed UCLA that it is attempting to terminate its record $280-million apparel deal with the school.
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In an e-mail to UCLA constituents, athletic director Dan Guerrero wrote We are exploring all of our options to resist Under Armour’s actions.
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The Commission calls on the boards of these companies to publicly support and implement financial transparency and accountability with respect to their own investments in non-scholastic basketball.
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4 has topped $5 million for the second year and is expected to be higher than the record set during Super Bowl LI last February on Fox, when the network charged just over $5 million for some 30-second spots.
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Under Armour agreed to a 15-year contract with UCLA in 2016 that was the richest shoe and apparel sponsorship in college sports history, replacing adidas.
The Olympics are scheduled for Aug.