Lance Armstrong isn’t saying how much he paid a Dallas promotions company that sued him, but the disgraced doping cyclist says he’s sorry.
The money woes aren’t over for Armstrong. The federal government is seeking repayment of more than $30 million the U.S. Postal Service paid to sponsor his teams from 1998 to 2004. Penalties could go as high as $100 million.
SCA had sought repayment of more than $10 million in bonuses it paid Armstrong.
“Armstrong sued [Bob] Hamman, an American professional bridge player, in 2004 after SCA withheld a payment of $5 million to the cyclist, citing doping allegations, the Sunday Times reported,” Velonews reported. “The company was made to pay the Texan $7.5 million, on top of an earlier payment of $4.5 million.”
Lance Armstrong now has reached settlements in at least 3 fraud cases since doping confession http://t.co/urJNV6ruFd
— Brent Schrotenboer (@Schrotenboer) September 27, 2015
The Sunday Times said “both parties have agreed not to publicly discuss the terms of the settlement.”
But in a statement to a news service, the Tour de France legend said: “I am pleased to have this matter behind me and I look forward to moving on. I do wish to apologize to SCA and its (chief executive), Bob Hamman, for any misconduct on my part in connection with our dispute and the resulting arbitration.”
Commentary could be comedic:
Volkswagen confident they can put the past behind them with appointment of new CEO, Lance Armstrong.
— HaveIGotNewsForYou (@haveigotnews) September 25, 2015