Lance Armstrong Owes $10 million According to Arbitrators

Last week, Lance Armstrong lost an arbitration battle in the amount of $10 million over a fraud dispute with a Dallas based promotions company.

Armstrong and former team owner Tailwind Sports Corp. were on the losing end of a 2-1 arbitration decision that ruled in favor of promotions company SCA Promotions.  SCA Promotions had previously paid Armstrong bonuses for victories in the Tour de France, but then took legal action to recover them once doping allegations arose.  The parties originally agreed in 2005 to a …

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