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Lance Armstrong rode into infanmy after admitting doping through his 7-tour wins in the Tour de France. (Image source: PA)
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Lance Armstrong has been fined
10million US dollars (£6.5m) for lying about his use of performance-enhancing
drugs following an arbitration panel hearing into his case with SCA Promotions.
Dallas-based SCA Promotions was
forced to pay Armstrong 7.5m dollars in 2006 after an arbitration process over
disputed payments relating to his seven Tour de France victories.
However, Armstrong has since
admitted to doping in all seven of his Tour wins and was found to have lied in
proceedings, leading to the payout, according Press Association.
A statement from SCA Promotions
read: "Lance Armstrong was hit with a record-breaking 10million-dollar
sanctions award by the arbitration panel hearing his dispute with Dallas-based
SCA Promotions, Inc.
"According to the
arbitrators' written ruling, the sanctions award punishes Armstrong for
engaging in 'an unparalleled pageant of international perjury, fraud and
conspiracy'.
"The 10 million-dollar
award, which must be paid directly to SCA Promotions, is believed to be the
largest award of sanctions assessed against an individual in American judicial
history.
"The award was made public
today when SCA Promotions filed a motion with a Dallas state district court to
have the award confirmed into a judgement against Armstrong."
The case - one of a number of
legal matters Armstrong has faced since his confession - is not concluded,
though.
"SCA's
dispute with Armstrong is not over," the statement continued.
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