Sochi Blame Game: Under Armour Criticized for U.S. Team’s Performance

  Google+  Twitter | + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Source: http://www.flickr.com/photos/scobleizer/

Most, if not all, sports junkies take sporting events extremely seriously. The Olympics are no exception. It’s easy to forget just how monumental the events surrounding the Winter Games are when we are watching on television screens halfway across the world, but one report from Bloomberg on Friday served as a good reminder of how impassioned athletes and their sponsors get about the Olympics, even about the most seemingly trivial things.

For the most part, U.S. athletes have fared well in Sochi, Russia, this year, but one team that has disappointed many onlookers is the American speedskating squad. Although the U.S. won four medals in speedskating at the 2010 Vancouver Games, no American finished better than seventh place in the six speedskating events held as of Thursday night, and now some critics are pointing fingers.

But who could be to blame? It’s not the skaters, it’s not the coaches, it’s not the rivals — it’s the sponsors. According to Bloomberg, several sources linked to the U.S. team have charged that Under Armour’s (NYSE:UA) suits are responsible for slowing down skaters in Sochi. Though Under Armour has denied any and all reports, CEO Kevin Plank said in an interview with Bloomberg Television on Friday, “We are making changes right now with our team on the ground,” adding that the company is OK with the athletes switching to a different brand’s suits if need be.

Bloomberg reports that some critics have blamed a design flaw in the suits’ rear ventilation panels for the skaters’ slow speed, but no charges have yet to be confirmed. It’s not unusual for sponsors to come under the spotlight when athletes are not performing well in their gear. The sports clothing company has long been known to thoroughly test its products before it outfits athletes, especially at the Olympics, so it’s possible the accusations against Under Armour are misguided.

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business