Monday, October 22, 2012

Lance, so let me get this straight

Mr. Lance Armstrong had a deal with the Postal Service team for bonuses if he won the 2004/2005, and 2006 TDF (Tour de France).  As is normal in these cases the Posties (owned by Tailwind sports) took out an an insurance policy to cover them if he should actually win with a company named SCA promotions. 

He did cross the finish line first those three years but Tailwind decided not to pay Lance because Lance was "not a clean rider" despite being declared the "official winner".  Lance sued Tailwind and won a judgment of $7.5 million including interest and fees etc.

Are you following now, good, just a little more.  Now that Lance has had his victories nullified, Tailwind/SCA is demanding their money be returned.  He is no longer the "official winner" as specified in the contract.  I guess they are in the threatening letter stage but it looks likely to go to court next.

Whatever you think about cycling as a sport, I used to really enjoy it myself, it's an object lesson on how money has taken over everything.  Even the simple sport of getting on a bike and pedaling through the countryside.

Source for this is: BBC news and other recent articles.

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