Adult Webcam Company CamSoda Offers UCLA $205M 10-Year Partnership To Replace Under Armour
After Under Armour backed out of its $280 million deal with UCLA (University of California, Los Angeles), days later, adult webcam company CamSoda stepped up to offer the school a $205 million 10-year partnership to fill the funding void.
Daryn Parker, vice president of CamSoda, wrote a letter to the Director of Athletics, Martin Jarmond, blasting Under Armour and using the opportunity to promote his company, stating, “With our passion for all sports, we would love nothing more than [to] become affiliated [with] UCLA. We will provide financial support along with equipment and apparel for all Bruins sports. In return, the CamSoda logo will appear on all team uniforms. The blue and gold will go smashing with our logo.”
RELATED: Over 300 Students & Staff Quarantined Amid Measles Outbreak At UCLA [2019]
Furthermore, Under Armour issued a statement on Saturday, addressing their termination of the 15-year, $280 million contract with UCLA, due to “paying for marketing benefits that we have no received for an extended period of time.” The deal stated that UA agreed to give UCLA $15 million up front, and $11 million due each year for rights and marketing fees. In addition, UA would supply $7.4 million worth of clothing, shoes and equipment each year, plus $2 million for athletic facility upgrades over the course of eight years.
RELATED: Residents Outraged Over Adult Film Shot In Santa Monica Public Library
Check out the tweets below for more coverage, then leave us your thoughts in a comment via Yappa below
Statement from #UCLA on @UnderArmour agreement. pic.twitter.com/iQGWjzuW4k
— Adam Rittenberg (@ESPNRittenberg) June 27, 2020
Adult entertainment webcam company CamSoda is offering UCLA $205 million over 10 years to fill the void left by Under Armour.
It won’t be accepted, but that’s a hell of an offer. pic.twitter.com/hofk6uYkBI
— Darren Heitner (@DarrenHeitner) June 29, 2020