Lance's lawyers prepare to battle over sponsorship funds

WITH the admission made, Lance Armstrong's lawyers can prepare to deal with insurance companies, sponsors, Tour de France organisers and media companies who will demand he repay countless millions of dollars paid to the now disgraced cyclist during his career.

Having already lost an estimated $75 million in sponsorship deals from companies like Nike, Oakley, Trek and Anheuser-Busch last October, Armstrong's admission in a televised interview with Oprah Winfrey was expected to spark a string of claims.

The seven-time Tour de France winner said he would spend as much time as was needed trying to make amends.

"Do you feel disgraced?" Winfrey asked in the second part of the interview.

"Of course," Armstrong said.

"But I also feel humbled. I feel ashamed. This is ugly stuff."

Ugly indeed.

Texan company SCA Promotions has already said it would lodge a lawsuit this week to recoup $12million in insured bonuses paid to Armstrong after he claimed his fourth, fifth and sixth Tour de France wins.

That company will be the first in a long queue.

Topics:  cycling, doping, drugs, lance armstrong, lawyers, oprah winfrey, tv



Local Real Estate

finda logo
Featured Real Estate

Featured Jobs

finda logo

Tweed jobs listed daily



Local Partners

LATEST DEALS AND OFFERS

Job Listings

Search for your next job now.
Learn More

Cars For Sale

Find cars for sale online now.
Learn More

Property Listings

Search for a property online right now.
Learn More

Local Profile

Stay Connected

Get the news as it happens, in your inbox

You can change the newsletters you are subscribed to when you edit your profile

Edit Profile


Special Offers

Latest deals and offers

Horoscopes

Virgo

A small offensive can be more effective than a full-scale battle. Pick your battles wisely. Investment wise though: No point in playing it...

read more

Marketplace

Special Offers & Promotions

Compare & Save