VoyForums

[ VoyUser Login optional ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, 2, 3, 4, 5, 6, [7], 8, 9, 10 ]

[ Next Thread | Previous Thread | Next Message | Previous Message ]

Date Posted: 12:28:30 09/16/04 Thu
Author: Velo
Subject: Re: Armstrong Sues For Tour Win Bonus
In reply to: ..... 's message, "Re: Armstrong Sues For Tour Win Bonus" on 12:23:34 09/16/04 Thu

Armstrong didn't either - Tailwind, the owner of the USPS-sponsored TEAM, did:

"Armstrong and Tailwind Sports Inc. filed a lawsuit in Dallas County state district court Tuesday seeking to make SCA pay up. As required in its contract with SCA, they asked to send the claim to arbitration, and Bandy said SCA supports that move.

Tailwind owns the U.S. Postal Service Pro Cycling Team and has Armstrong as its leading member. In 2001, it promised Armstrong a series of bonuses based on the number of consecutive Tour victories.

Before the 2001 Tour de France, Tailwind paid SCA a $420,000 insurance premium to pay the bonuses if Armstrong earned them."

Seems to me Armstrong would not be getting any of those bonuses from Tailwind/SCA without the help of his TdF teammates.


>>Question three: does he share any of that $5 million
>>with his TdF teammates?
>
>Huh? Did his teammates chip in to pay the premiums?

[ Next Thread | Previous Thread | Next Message | Previous Message ]

Replies:

[ Contact Forum Admin ]

Forum timezone: GMT-8
VF Version: 2.94, ConfDB:
Before posting please read our privacy policy.
VoyForums(tm) is a Free Service from Voyager Info-Systems.
Copyright © 1998-2012 Voyager Info-Systems. All Rights Reserved.