Cycling

Lance hit with R60M demand

2012-10-27 07:48
Lance Armstrong (AFP Photo)
Austin - A Dallas promotions company that paid Lance Armstrong approximately R60 million for winning his sixth Tour de France is demanding he return the money.

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says the company will send Armstrong a demand letter on Monday now that Armstrong's seven Tour de France titles have been revoked.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.

NEXT ON SPORT24X

 

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
79 comments
Comments have been closed for this article.
Live Video Streaming
  • Blitz
    Mon, 24 Nov 2014 @00:00
  • SS1
    Mon, 24 Nov 2014 @01:00
  • SS2
    Mon, 24 Nov 2014 @02:00
  • SS3
    Mon, 24 Nov 2014 @03:00
Video Highlights
Sport Talk

 
 
/Sport
Men
Women
Love 2 Meet
SuperBru Super Rugby challenge

Enter and challenge Sport24's staff!

Featured

As the Absa Premiership nears the Christmas break, a little over half the season remains. Who will be crowned champions when all is said and done? Which teams will be relegated? Stay glued to Sport24 to find out!

Latest blogs
Vote

Besides the 'Big 3' of rugby, cricket and soccer, which of the 'smaller' sports in South Africa do you enjoy the most?

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

 
There are new stories on the homepage. Click here to see them.