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Under Armour to make MLB uniforms in 2019, a year early


kevinmets
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http://www.espn.com/mlb/story/_/id/19416990/under-armour-make-mlb-uniforms-2019-year-early

 

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NEW YORK -- Under Armour will take over from Majestic Athletic as the supplier of Major League Baseball uniforms in 2019, a year earlier than previously scheduled.

 

The on-field deal between MLB, Under Armour and Fanatics is scheduled to begin in 2020 and run for 10 years, but sources say it could start before that should Majestic decide to bow out early.

 

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18 minutes ago, kmccarthy27 said:

The article said Fanatics bought all of VF sports clothing assets including Majestic. 

 

Well...then it looks like Fanatics wants to push up the release to boost sales

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1 hour ago, kabbey520 said:

So does this mean that Under Armour will also be the apparel supplier? We won't see any Nike, etc., MLB gear after this deal gets started?

Not sure, it probably depends on how the deal is written. 

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2 hours ago, KGeeX5 said:

 

Well...then it looks like Fanatics wants to push up the release to boost sales

 

If VF sold all the assets that would include the rights so the new owner inherits the old deal and had the new deal. Win/win for both parties and VF is not hurting financially at all based on their financials. 50% gross margin and 11% operating margins are stellar returns. Selling off non-core assets for cash is good business.

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