247Rumors

Under Armour founder and Maryland alumnus Kevin Plank may take his support of athletic program to new heights. [Last week,] Under Armour announced in a SEC filing that Plank would be selling 1.3 million shares of the company "for asset diversification, tax and estate planning and charitable giving purposes." What would 1.3 million shares of Under Armour net Plank on the open market? Try a cool $56 million after taxes -- just the amount Maryland needs to pay if it leaves the ACC for greener pastures. Is it a smoking gun? No. And Plank did not immediately return requests for comment. But such generosity wouldn???t be unique. A $50 million donation would put Plank into a growing class of billionaires funneling tens of millions of dollars into college athletics.