News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 9 years ago
Home  » Sports » Armstrong ordered to return $10 million Tour de France bonuses

Armstrong ordered to return $10 million Tour de France bonuses

February 17, 2015 12:30 IST
Get Rediff News in your Inbox:

Lance Armstrong

Lance Armstrong in a pensive mood. Photograph: Mario Tama/Getty Images

Lance Armstrong was ordered to pay $10 million to a sports insurance company after arbitrators ruled against him in a dispute over Tour de France bonuses, according to court documents made available on Monday.

Dallas-based SCA Promotions had paid $12 million in bonuses to Armstrong but sued to get its money back after the disgraced cyclist admitted to doping.

- Should Lance Armstrong be forgiven?

The arbitrators, in a 2-1 ruling dated February 4, issued the award to SCA after a multi-day hearing during which Armstrong testified.

"The case yet again before this tribunal presents an unparalleled pageant of international perjury, fraud and conspiracy," the arbitrators wrote in their ruling. "It is almost certainly the most devious sustained deception ever perpetrated in world sporting history."

The bonuses were for three of Armstrong's seven Tour de France victories. Armstrong was stripped of his titles and handed a lifetime ban in 2012, after a US Anti-Doping investigation.

During the hearing, arbitrators considered whether Armstrong should be punished for his wrongful conduct in connection with his original dispute with SCA.

All about the Lance Armstrong doping case

That dispute, which took place in 2005, involved whether the firm owed Armstrong bonuses after he had won a series of Tour de France races.

Armstrong had sworn under oath on numerous occasions in that proceeding that he never used performance-enhancing drugs during his career. SCA subsequently settled the matter for $7.5 million in 2006.

But Armstrong confessed in 2013 that he cheated during his Tour de France victories. As a result, SCA re-convened the arbitration proceeding.

After an evidentiary hearing, the arbitrators found that Armstrong "used perjury and other wrongful conduct to secure millions of dollars of benefits."

"It is hard to describe how much harm Lance Armstrong's web of lies caused SCA but this is a good first start towards repairing that damage," said SCA president Bob Hamman.

SCA filed a motion with a Dallas state district court on Monday to have the award confirmed.

- How the noose was tied around Armstrong's neck

Armstrong's attorney, Tim Herman, said the case is not closed and that the one dissenting arbitrator in the majority ruling made the "proper analysis of governing law."

"This award is unprecedented. No court or arbitrator has ever reopened a matter which was fully and finally settled voluntarily," Herman wrote in an email to Reuters.

"Despite the absence of any legal basis for the sanction, Armstrong offered to pay SCA the entire $10 million in order to resolve the matter, but SCA refused."

Get Rediff News in your Inbox:
Source: REUTERS
© Copyright 2024 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

India In Australia 2024-2025