All these sports apparel companies pay insane amount for endorsements and I find it hard to believe they get positive returns. For instance, Under Armour pays huge money to Jordan Spieth when he was an up and coming star, followed by several years of fantastic performance. Now Jordan Spieth is ranked 55th and his last win was in 2017 but Under Armour is under contract to continue to pay him huge dollars. Under Armour's financial performance has always been underwhelming and I wonder if it will still be in business in 5 years' time.Under Armour seeking to terminate $280 million apparel deal with UCLA
The apparel company is trying to back out of its deal with UCLA, claiming it has been "paying for marketing benefits that we have not received."www.usatoday.com