Under Armour CEO Kevin Plank graduated from the University of Maryland not too many years ago–and now that Plank is at the helm of the world’s second-largest athletic apparel company, he’s found new ways to give back to his alma mater.
As the New York Times points out, Plank is following in the footsteps of Nike founder Phil Knight, who donated hundreds of millions of dollars to his alma mater, the University of Oregon. “Before Nike got involved with the University of Oregon, nobody knew where Eugene was,” Maryland athletic director Kevin Anderson told the Times.
Last year, Under Armour inked a 10-year deal in which it will provide the university with $33 million in funds and gear. The company already has a history of testing out new products and designs in College Park. Plank himself also pledged $25 million to help renovate the school’s Cole Field House, which the university promises will be an “athletic training facility unmatched in Division I sports.”
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