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It entered bankruptcy facing lawsuits from virtually every state, as well as some 2,600 cities, counties, Native American tribes, hospitals and others seeking to recoup costs incurred from the opioid crisis.

The firm said it had incurred $1bn in borrowing costs to finance the English case.

As of Sept. 30, Under Armour had incurred about $147 million of restructuring and related charges.

This winter, the trade market could be the answer, presenting opportunities to add impact players in the present without incurring the same kind of long-term financial risk and commitment.

“It’s a hard pill to swallow to keep working and working and working and incurring this debt,” he said.