Cycling: Five years ago, Lance Armstrong made a comprehensive confession to doping in an interview with Oprah Winfrey. Since then, the Texan has faced a veritable spate of lawsuits. According to USA Today, Armstrong reportedly said in an email that the confession has cost him more than $100 million so far. That amount could go up further as the lawsuit involving the US Postal Service, whistleblower Floyd Landis, is still pending.
Lance Armstrong could lose everything
Will Lance Armstrong be a poor man soon? If the numbers are to be believed, this theory doesn't seem so far-fetched. Armstrong admitted to USA Today that he'd already lost nearly $100 million after confessing to Oprah Winfrey. Strong upward trend. His longtime sponsors, such as Oakley and Trek, have demanded huge sums of money back. By far the biggest chunk is yet to come. The US government is suing him on behalf of the US Postal Service for an additional $100 million. Years ago, Armstrong suspected in the English newspaper The Telegraph that this process could cost him everything.
Lance Armstrong:
"If I lose, we won't be sitting here at this table, in this house, in any house at all."
Floyd Landis made money from Armstrong's downfall
From 2000 to 2004, the US Postal sponsored the Armstrong team. The American Postal Service invested no less than $32,3 million during this period. The company is now demanding three times the amount in damages. However, Lance Armstrong does not see that, because according to him - and above all thanks to him - the company was able to benefit greatly during this time. Floyd Landis will help and testify as a whistleblower. He could get a whopping 25 percent of the amount. This doesn't seem fair. Landis also used banned substances during his career and was on the US Postal team at the time. However, legislation in the United States allows such concessions in order to be able to find whistleblowers and key witnesses in the first place. Armstrong's attorney Elliot Peters is optimistic about the trial.
Eliot Peters:
"We are confident in our positions as we have always been optimistic of winning this unfair case."
#OnThisDay five years ago
On January 17, 2013, Lance Armstrong (41) made a comprehensive confession to doping to Oprah Winfrey after years of denial.
The American had previously been stripped of all seven Tour de France victories (1999 to 2005).https://t.co/n7Vzp0UFsJ
— That's how it was back then (@TickerVonDamals) 17 January 2018
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