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A spokesman for SCA Promotions says the company will send Armstrong a demand letter on Monday now that Armstrong's seven Tour de France titles have been revoked.
The U.S. Anti-Doping Agency reported evidence that Armstrong used performance enhancing drugs during all seven of his tour victories.
Armstrong's attorneys have anticipated such a demand, saying SCA entered a voluntary settlement to pay Armstrong and cannot get its money back.
The company had tried in 2005 not to pay Armstrong because of allegations of doping, but chose to settle.
Earlier Friday, the International Cycling Union said Armstrong should return about R34 million in prize money.
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The stock of Bulls and Sharks 2014 Super Rugby jerseys are slowly becoming available after the festive season break, writes blogger Baylion.
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