Lance Armstrong has been ordered to
pay $10m (£6.5m) in damages after losing a lawsuit with sports insurance
company SCA Promotions.
SCA were forced to pay the
disgraced cyclist $7.5m in 2006 after Armstrong sued them for breach of
contract when they withheld bonus payments he claimed he was entitled to
for his seven Tour de France victories.
However, Armstrong has
since admitted to using performance-enhancing drugs during all of his
victories, and he was also found to have lied during the proceedings
with SCA, who had counter-sued him for fraud.
In a 2-1 decision, a three-man arbitration panel in Texas ruled against Armstrong. SCA Promotions president and founder Bob Hamman said: "It is hard to
describe how much harm Lance Armstrong's web of lies caused SCA but this
is a good first start towards repairing that damage."
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