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Under Armour CEO takes a swipe at Nike

Sep. 04, 2014 9:30 AM ETUnder Armour, Inc. (UAA) StockNKE, UAABy: Clark Schultz, SA News Editor3 Comments
  • It's either sour grapes or a tip-off on a clever strategy as Under Armour (NYSE:UA) CEO Kevin Plank reacts to the loss of NBA star Kevin Durant to rival Nike (NYSE:NKE) in the gigantic $350M basketball shoe deal which was disclosed last weekend.
  • Plank says he takes pleasure in seeing the Oregon sports juggernaut pony up an extra $150M to land Durant.
  • The exec thinks a strategic opportunity will open up elsewhere in the sports world with Nike's war chest diminished a bit.

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