​Kevin Plank’s Race Farm Listed For $22 Million Amid Under Armour Troubles – Tyler Durden

Kevin Plank’s Race Farm Listed For $22 Million Amid Under Armour Troubles Baltimore-based Under Amour has been undergoing a broad multi-year restructuring plan. Earlier this year, founder Kevin Plank returned to the helm, hoping to reverse the sales slump and boost profits. Given that UA shares have been a trainwreck since the company was accused of defrauding shareholders about revenue growth in a bid to beat Wall Street’s forecasts in 2017, Plank, the third largest shareholder, has seen his paper wealth evaporate.  In June, UA agreed to pay $434 million to settle the lawsuit that accused Plank of intentionally deceiving investors about the company’s financial…  — Continue at ZeroHedge News : Read More