Lainaus:
Armstrong case: SCA Promotions waiting for UCI response before deciding about legal action
Company paid a total of $12 million to US Postal Service rider in relation to Tour victories
As the dust continues to settle after the upheaval caused by the USADA report into Lance Armstrong’s doping, a Texan insurance company which paid out over ten millions dollars to the rider in performance bonuses and legal fees has said it is closely watching the situation, and that legal action could be possible.
During Armstrong’s winning streak of Tour successes, US Postal Service team owner Tailwind Sports took out a policy with the Texas-based SCA Promotions, paying a premium to cover the performance bonuses that would be due to the rider when he won the Tour.
A sum of $5 million was payable after he won his sixth Tour title in 2004 but, on the basis of the doping claims made in the LA Confidentiel book, SCA refused to pay out on the grounds that the Tour wins may not have been clean.