Lance Armstrong may have thought that everyone would love an apology when he confessed to doping for all seven of his Tour de France victories, but the truth is costing him now.
The disgraced cyclist was told to pay $10 million Monday in an arbitration award decision in favor of the Dallas promotions company that insured several of his bonuses for winning the Tour.
The company, SCA Promotions, had originally gone to arbitration with Armstrong in 2005, after refusing to pay his bonuses because of doping suspicions. He denied wrongdoing, and SCA Promotions paid him a $7.5 million settlement in 2006.
But after his confession in an interview with Oprah Winfrey in 2013, the company moved to go back to arbitration. With the new decision in its favor, the company filed a motion on Monday in a Texas court to confirm the arbitration into a ruling against Armstrong, which would force him to pay.
Armstrong’s attorney told USA Today that the decision was “unprecedented.”
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