A day after,sponsors want their millions back

A Texas promotional company that paid millions of dollars to Lance Armstrong for winning the Tour de France said on Monday it was considering legal action to get the money back after the American cyclist was stripped of his Tour titles.

Written by Agencies | Published: October 24, 2012 1:25:20 am

A Texas promotional company that paid millions of dollars to Lance Armstrong for winning the Tour de France said on Monday it was considering legal action to get the money back after the American cyclist was stripped of his Tour titles. Dallas-based SCA Promotions paid Armstrong $7.5 million for winning his sixth Tour title in 2004 — $5 million as a performance bonus and $2.5 million in interest and attorney fees — as part of a 2006 legal settlement. Armstrong had sued SCA when it withheld the payment after doping allegations against him surfaced. Tailwind Sports,the owner of Armstrong’s U.S. Postal team,had promised the cyclist a $5 million bonus if he won a sixth Tour title and it took out insurance coverage with SCA. In all,SCA Promotions paid Armstrong some $12 million,the company’s lawyer Jeffrey Dorough said. It was unclear exactly how much SCA may seek to recover.

Twitter update: No TDF

Having won seven Tour de France titles is no longer part of Lance Armstrong’s Twitter profile. Early Tuesday,Armstrong’s profile said: “Raising my five kids. Fighting Cancer. Swim,bike,run and golf whenever I can.’’ Previously,the profile said: “Father of 5 amazing kids,7-time Tour de France winner,full time cancer fighter,part time triathlete.’’

Kjaergaard admits doping

Norwegian cyclist Steffen Kjaergaard,who competed with the disgraced Lance Armstrong on the U.S. Postal Service team in the Tour de France in 2000 and 2001,admitted to doping on Tuesday. “When I was a part of the U.S Postal Service team,everything was organised by the team. I did not need to arrange for a doctor or do anything by myself,” retired Kjaergaard told a news conference. “The reason that I am coming forth now is that I have had a big problem with my own conscience.” Kjaergaard said he began using banned substances — primarily erythropoietin (EPO) and cortisone — in 1998,before joining the U.S. Postal Service team.

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