Armstrong loses £6.5m bonus ruling

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Published: Monday 16th February 2015 by The News Editor

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Disgraced cyclist Lance Armstrong and sports management company Tailwind Sports have been ordered to pay 10 million dollars (£6.5 million) in a fraud dispute with a promotions firm.

Dallas-based SCA Promotions announced the 2-1 arbitration panel ruling against the former cyclist when it asked a Texas state court to confirm the decision.

SCA paid Armstrong about 12 million dollars (£7.7 million) in bonuses during his career, when he won seven Tour de France titles.

Those victories were stripped away after Armstrong and his US Postal Service teams were found to have used performance-enhancing drugs.

SCA disputed bonuses in arbitration in 2005, and the case produced the foundation of the doping evidence that was used against Armstrong.

After Armstrong’s cheating was exposed, SCA sued to get its money back.

Armstrong’s lawyer, Tim Herman, declined to comment.

Published: Monday 16th February 2015 by The News Editor

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