Armstrong loses ruling over Tour de France bonuses
(Reuters) - Lance Armstrong was ordered to pay $10 million to a sports insurance company after arbitrators ruled against him in a dispute over Tour de France bonuses, according to court documents made available on Monday.
Dallas-based SCA Promotions had paid $12 million in bonuses to Armstrong but sued to get its money back after the disgraced cyclist admitted to doping.
The arbitrators, in a 2-1 ruling dated Feb. 4, issued the award to SCA after a multi-day hearing during which Armstrong testified.
"The case yet again before this tribunal presents an unparalleled pageant of international perjury, fraud and conspiracy," the arbitrators wrote in their ruling. "It is almost certainly the most devious sustained deception ever perpetrated in world sporting history."
The bonuses were for three of Armstrong's seven Tour de France victories. Armstrong was stripped of his titles and handed a lifetime ban in 2012, after a U.S. Anti-Doping investigation.
During the hearing, arbitrators considered whether Armstrong should be punished for his wrongful conduct in connection with his original dispute with SCA.
That dispute, which took place in 2005, involved whether the firm owed Armstrong bonuses after he had won a series of Tour de France races.
Armstrong had sworn under oath on numerous occasions in that proceeding that he never used performance-enhancing drugs during his career. SCA subsequently settled the matter for $7.5 million in 2006.
But Armstrong confessed in 2013 that he cheated during his Tour de France victories. As a result, SCA re-convened the arbitration proceeding. Continued...