Do you really think Lance Armstrong is going to pay back the money?
A Texas arbitration panel gave a $10 million judgment for SCA Promotions in its suit against disgraced American cyclist Lance Armstrong for bonuses it paid for his Tour de France championships.
"We are very pleased with this result," SCA president and founder Bob Hamman said in a statement, per Brent Schrotenboer of USA Today. "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."Armstrong can default on these judgments and no one would care. How bad can the public image of a man stripped of seven Tour de France victories get before people notice he's a sleaze?
The arbitration panel, which voted 2-1 in SCA's favor, will now turn its ruling over to a judge, who must give a final approval. SCA asked the panel to do so out of fear Armstrong would refuse to pay it the $10 million.
Money is easy to hide. He can divest himself of property and fortune and tell the government to go pound sand. Token payments and tales of hard luck go a long way. He can live out his life free from accountability, albeit with limited potential to earn money and absolutely no dignity whatsoever.
I'm thinking he doesn't care. This is America. A wealthy man can do whatever he wants and reinvent himself when public furor subsides. Armstrong is little more than an afterthought now.