Advertisement

Sign up for our newsletter

Advertisement

Lance Armstrong: 'Doping confession cost in excess of $100 million'

Joe Robinson
18 Jan 2018

The American could be set for more financial penalties with US Postal lawsuit

Lance Armstrong has stated that his doping confession has cost him $100 million in the past five years, with further financial penalties possible through the US Postal Service lawsuit.

USA Today reported that Armstrong had admitted losing 'in excess of 100 million' since his confession on the Oprah Winfrey Show in 2013. This being in large part due to the withdrawal of sponsors such as Trek, Giro and Oakley after the admission.

Besides the reported $100 million already lost, Armstrong is facing a further multi-million dollar lawsuit from the US Government on behalf of the US Postal Service - and former teammate Floyd Landis - who look to regain the $32.3 million paid in sponsorship to the team between 2000 and 2004.

The Armstrong confession remains one of the defining moments within the sport of cycling. In his interview with Oprah Winfry, the Texan admitted the serial use of EPO, testosterone, Human Growth Hormone and blood doping.

Armstrong's admission was spurred by whistleblowers such as Landis and fellow former teammate Tyler Hamilton who themselves admitted to doping before telling of the systematic doping regime implemented at the US Postal team during the Armstrong years.

Subsequently, he was stripped of his record-breaking seven consecutive Tour de France titles. There remains no listed winner of the Tour between 1999 and 2005.

It is expected that Armstrong and his team of lawyers will claim that the US Postal Service in fact benefited financially far more than it lost through its sponsorship in the team as their defence.

If they are unsuccessful, Armstrong could see the lawsuit cost a further $90 million as a result of the False Claims Act.