Just days after news broke that Under Armour was backing out of its $280 million handle UCLA, the adult entertainment cam business CamSoda has actually extended a rewarding offer to partner with the school.
" In light of this, I wish to officially extend a $205 million, 10-year agreement offer to have CamSoda, a leading adult entertainment webcam company, to become the brand-new official partner of UCLA Sports," CamSoda Vice President Daryn Parker said in a statement. "With our enthusiasm for all sports, we would enjoy absolutely nothing more than to become affiliated [with] UCLA, one of college sports blue blood programs."
Under Armour released a statement Saturday revealing its decision to terminate the 15-year, $280 million contract with UCLA due to "paying for marketing benefits that we have not received for a prolonged amount of time."
Forbes reports that shares of Under Armour fell by almost 20 percent in February after the company predicted sales would plummet by $50 million to $60 million next quarter due to the coronavirus.
The Los Angeles Times details the https://sites.google.com/view/free-live-webcams/ terms of the deal, which mentioned that Under Armour agreed to offer UCLA $15 million up front with an additional $11 million being available in every year for rights and marketing charges. UA would likewise supply the school with approximately $7.4 million worth of clothing, shoes, and devices each year, and contributed $2 million throughout 8 years for athletic facility upgrades.