Kevin Plank's Unsellable Thoroughbred Race Farm Sees Another Deep Price Cut

Kevin Plank, Under Armour's CEO, has repeatedly lowered the price of his Sagamore Farm, a historic thoroughbred racing operation. The farm, formerly owned by the Vanderbilt family, has been on the market for years amidst price reductions. Plank has been downsizing his real estate holdings, including residential properties and a Baltimore City hotel. The current listing price for Sagamore Farm is approximately $16.5 million, reflecting a 15% drop from its late-2025 listing. This represents a significant price reduction from the original listing, indicating challenges in selling the property. Amidst these issues, the piece touches on Under Armour's brand and stock performance. The article also mentions the financial and political challenges facing Baltimore City and Maryland. The author suggests Plank should advocate for political change, as the city struggles with declining population and financial issues. Improvement in the city and state's financial health is seen as crucial for Plank's real estate ventures. The author highlights the current political leadership for these issues.