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says the company will send Armstrong a demand letter on Monday now that Armstrong's seven Tour de France titles have been revoked.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

Boston to shake 2013 shadow

2014-04-20 14:57

 

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
81 comments
Add your comment
Comment 0 characters remaining
Live Video Streaming
Video Highlights
Sport Talk

Live scoring

 
 
English Premiership flutter

Take Sport24's "expert" tips at your peril...

Featured Blog

The stock of Bulls and Sharks 2014 Super Rugby jerseys are slowly becoming available after the festive season break, writes blogger Baylion.

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

Newsletters Sign up for the Morning Glory, Super 15 and Soccer newsletters

Blogs Yes your opinion counts. Get it out there

WIN Enter and win with Sport24!

Mobile Sport24 on your mobile phone - WAP, alerts, downloads, services

BlackBerry Stay in the loop on your BlackBerry

iPhone Latest Sport24 news on your iPhone

Facebook "Like" Sport24's Facebook page

TV schedule Plan your couch time with our searchable sport TV guide

RSS Feeds Sport news delivered really simply.

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