Official lance armstrong thread, part 2 (from september 2012)

[Briant_Gumble]

Does anyone know how much Marion Jones was worth at her peak?

 

[fatandfast]

Got a link?

Armstrong brand so strong it aint in any shops and there are no advertising in the media with his face or name on it for the products sponsoring him.

I guess all those sponsors were so happy not see their name on him in that Tri

I guess that Weisel is took a big dollar chunk of Armstrongs a$$ all these years and is the guy holding Armstrong's head above water for the moment, but wont be long before he lets him sink.

http://www.therichest.org

there are lots of people net worth numbers here. I think you meant to say Pharmstrong is walking on water,in Aspen,Austin,Malibu and Dallas not treading it and certainly not barely keeping his head above water

 

[thehog]

http://www.therichest.org

there are lots of people net worth numbers here. I think you meant to say Pharmstrong is walking on water,in Aspen,Austin,Malibu and Dallas not treading it and certainly not barely keeping his head above water

Problem being money is not the measure of a man.

Madoff is still very wealthy but he's in jail.

The true value of a person is by his actions not his wallet. He'll be judged a loser regardless of the amount of money in his bank account.

 

[PosterBill]

I agree with fAF on this. Armstrong is worth a 125 million dollars...You don't just blow through 125 million because of a scandal. It's absurd to think Armstrong will be sleeping under a bridge. Some people have great imaginations on this forum

 

[Benotti69]

I agree with fAF on this. Armstrong is worth a 125 million dollars...You don't just blow through 125 million because of a scandal. It's absurd to think Armstrong will be sleeping under a bridge. Some people have great imaginations on this forum

Link to 125million?

A scandal? It is a tad bigger than a scandal. I think it is the greatest fraud in the history of sport.

When the truth emerges to the public and not the cycling public, the lawsuits will be flying.

He aint got that much money either. That is what is projected, but he spent money over the years.

 

[runninboy]

http://www.therichest.org

there are lots of people net worth numbers here. I think you meant to say Pharmstrong is walking on water,in Aspen,Austin,Malibu and Dallas not treading it and certainly not barely keeping his head above water

Yeah houses have been great investments Who knows which bank owns the title to those.
And let us not forget those donations to the UCI that were pretty impressive. I doubt he only made one, he just got smart and did it in cash. The fact that he had other payoff's promised(Mike Anderson) showed his mentality that he had to pay big to win big. Payoffs and kickbacks costs large percentage of income. Living Large costs money, Lawyers cost money. Divorce costs money. Estimating a celebrity net worth is a joke. How many NBA players are flat broke 5 years after? 60%! Not only that all of Lance's money is subject to tax. That is why he flys on the Livestrong jet. Live large trying to use the charities assets. That will stop soon enough and he just might get a bill from the IRS for a few of those perks. Did he declare the free rides as income? they were a form of compensation that needs to be declared.

 

[fatandfast]

Problem being money is not the measure of a man.

Madoff is still very wealthy but he's in jail.

The true value of a person is by his actions not his wallet. He'll be judged a loser regardless of the amount of money in his bank account.

probably should read the reuters, Phil Wahba article to further your disappointment.
There is a huge vocal minority that think that everything Armstrong is toast, but the worth of Lance will be judged partly by his income and how much of it he gave to causes, and that, as recently documented is what people care about.
The outside world has given Armstrong a free pass, he is looked at as a liar,cheat and less than forthcoming and the world opinion is he had very limited choices given what was at risk for his financial legacy.ie Livestrong among just a few. It's going to be a wash in the end. The hardcore cycling bunch that have studied SRM outputs and Alpe times never before achieved up the mountain will yell louder and with more passion about his doping but the billions world wide will look at his financial output for charity and cut him a break, after all it's bike racing, nobody knows anything and even fewer are watching.

 

[runninboy]

... the billions world wide will look at his financial output for charity and cut him a break, after all it's bike racing, nobody knows anything and even fewer are watching.

if you believe this you don't know lawyers or the IRS. Once Lance is tarnished he becomes fair game as his political connections/protections evaporate. It is easy to get tough on someone who has cheated the system. The IRS will go after him with both barrels.

 

[Race Radio]

Dude are you on earth?? Armstrong is worth $125,000,000 dollars..so far. any eyer olls should be reserved for your lack of understanding how much loot this guy gets for doing the things he does. Not unlike Charlie Sheen people will pay huge sums at different points during the train wreck. Armstrong's brand is still very strong and worth millions in the future. Once he works out the Barry Bonds type of angle, about receiving treatment and substances that he didn't know about he will continue to load his money into dump trucks with a bit of consternation.

I am humored by the head to head w Landis or Hamilton or even Lemond. Armstrong keeps that amount of cash in his ashtray.Lance's pool man makes more than Landis.

If he is so rich why is he selling the Jet?

 

[fatandfast]

If he is so rich why is he selling the Jet?

Not needing it anymore. What a terrible problem,to have to sell your jet. Did you really write that. I would loved to so screwed to sell my jet. How horrible to have a jet that you just want to unload. Most people in the world can't afford to get on a jet let alone own one..so he is that rich as a reference. Wonder if the 125,000,000 will go up after he hands over the title?

 

[Briant_Gumble]

probably should read the reuters, Phil Wahba article to further your disappointment.
There is a huge vocal minority that think that everything Armstrong is toast, but the worth of Lance will be judged partly by his income and how much of it he gave to causes, and that, as recently documented is what people care about.
The outside world has given Armstrong a free pass, he is looked at as a liar,cheat and less than forthcoming and the world opinion is he had very limited choices given what was at risk for his financial legacy.ie Livestrong among just a few. It's going to be a wash in the end. The hardcore cycling bunch that have studied SRM outputs and Alpe times never before achieved up the mountain will yell louder and with more passion about his doping but the billions world wide will look at his financial output for charity and cut him a break, after all it's bike racing, nobody knows anything and even fewer are watching.

Livestrong has to come under scrutiny at some point, I have spoken to many people who think it funds cancer research and aren't aware of the difference between Livestrong.com and Livestrong.org. Then there are things like the 6 million dollar party in Dublin, Livestrong paying 10 million dollars a year in legal fees, paying lobbyists, strategic donations and extravagant travel expenses. If Livestrong were a better Charity his legacy would be looking a lot better.

 

[mastersracer]

Problem being money is not the measure of a man.

Madoff is still very wealthy but he's in jail.

The true value of a person is by his actions not his wallet. He'll be judged a loser regardless of the amount of money in his bank account.

why do you continue to pontificate on issues you clearly know nothing about? Madoff is not very wealthy - his assets have been seized and are being liquidated to pay back investors. He's bankrupt (and will die in prison fwiw).

 

[thehog]

why do you continue to pontificate on issues you clearly know nothing about? Madoff is not very wealthy - his assets have been seized and are being liquidated to pay back investors. He's bankrupt (and will die in prison fwiw).

How's those science reports going that smoking is more healthy and less toxic than pollution going? (I still have those posts if you want me to show them to you again!) - its ok I won't embarrass you.

Sorry back to you post. You've proved my very point - (again).

Madoff is wealthy. Filthy rich. His family still lives in prestige (check out his wife). But look at them. Such as sad sad story.

A little like Lance. What does 125m mean? When he's doing rural Tri's with total Fred's and talking with provincial blogs!

He's a loser and no amount of money will change that.


PS I suggest you read the Madoff story in full. You obviously know little about it.

 

[thehog]

probably should read the reuters, Phil Wahba article to further your disappointment.
There is a huge vocal minority that think that everything Armstrong is toast, but the worth of Lance will be judged partly by his income and how much of it he gave to causes, and that, as recently documented is what people care about.
The outside world has given Armstrong a free pass, he is looked at as a liar,cheat and less than forthcoming and the world opinion is he had very limited choices given what was at risk for his financial legacy.ie Livestrong among just a few. It's going to be a wash in the end. The hardcore cycling bunch that have studied SRM outputs and Alpe times never before achieved up the mountain will yell louder and with more passion about his doping but the billions world wide will look at his financial output for charity and cut him a break, after all it's bike racing, nobody knows anything and even fewer are watching.

Spin it anyway you like.

I wonder what value Lance puts on himself and looking at himself in the mirror each morning. Knowing that he's too scared to admit. Can't tell those very people he cheated.

He's finished. Washed up and in a years time he'll be still trying to untangle the legal mess he's got himself into.

I'm sure he really enjoy's talking to Lava blog site than Vanity Fair.

125 million means very little when the world knows your a cheat. You can't buy respect.

 

[veganrob]

Yes. Who cares how much money Lance has? Money is not what motivates him. He has it because he commands it now. But to him it is all about his legacy, fame, drive to be the best. Which is what caused hime to cheat, lie, try to destroy other people in the first place.He is an insecure bully. He is scum of the earth and no amount of money will be able to repair his reputation.
Unless he admits to all wrong doing he might have a chance and I don't see that happening.

 

[Race Radio]

Not needing it anymore. What a terrible problem,to have to sell your jet. Did you really write that. I would loved to so screwed to sell my jet. How horrible to have a jet that you just want to unload. Most people in the world can't afford to get on a jet let alone own one..so he is that rich as a reference. Wonder if the 125,000,000 will go up after he hands over the title?

125 million never existed. You are welcome to pretend it did, but that does not make it so.

Wonderboy is reduced to "Racing" unsanctioned events with 300 entrants and fat guys on beach cruisers. He has become a national punch line with a toxic Q rating. Micheal Bolton is more popular.

It is bad, and it is getting much worse.

 

[runninboy]

If he is so rich why is he selling the Jet?

Because when the authorities come knocking it is kind of hard to put a jet in a unmarked shoebox and bury it in the backyard

 

[MarkvW]

I agree with fAF on this. Armstrong is worth a 125 million dollars...You don't just blow through 125 million because of a scandal. It's absurd to think Armstrong will be sleeping under a bridge. Some people have great imaginations on this forum

The "Lance is doomed" topic is a favorite subject on slow news days. The doomers apparently think that Lance hasn't taken advantage of any of the many financial tools that an individual can use to shield his or her assets from lawsuits.

 

[Kennf1]

There is a huge vocal minority that think that everything Armstrong is toast, but the worth of Lance will be judged partly by his income and how much of it he gave to causes, and that, as recently documented is what people care about.

What is a "huge minority"?
Also, what percentage of his personal income has he given away?

 

[fatandfast]

125 million never existed. You are welcome to pretend it did, but that does not make it so.

Wonderboy is reduced to "Racing" unsanctioned events with 300 entrants and fat guys on beach cruisers. He has become a national punch line with a toxic Q rating. Micheal Bolton is more popular.

It is bad, and it is getting much worse.

If Armstrong and cycling media were not in desperate need of each other he could just cut them off and his net worth would go down dramatically. The dozens of sporting interests he is involved in are financially dependent on him, not olny for hard currency but for his star power. If you don't think that Lance winning in San Diego or drilling it in Leadville has an impact on his image you would be completely wrong. The fact that he wins,places or shows in everything he does as a 41 year old registers in people's mind. His "they are jealous""are out to get me" looks even more plausible when he wins every time,in everything he enters. He does the humble me thing acting like he is just doing it because he is bored,and it works.
I am not sure what was unsanctioned about the San Diego race..maybe you can explain. He is supposed to only go after Ironman and above? Small elite events are below him?

Are you saying that Fortune Magazine and the others that report his net worth are shills? ??? Man this grassy knoll thing is deep and wide. How much control does Sir Lance really yield? You are giving him superhuman powers. He planted mis information to 20 outlets that report it? Robb report is in his pocket also? come on man. He still controls the cycling media,accept it.

 

[jam pants]

Just a guess: Armstrong has less than $10 million in liquid assets.

 

[BroDeal]

Are you saying that Fortune Magazine and the others that report his net worth are shills? ??? Man this grassy knoll thing is deep and wide. How much control does Sir Lance really yield? You are giving him superhuman powers. He planted mis information to 20 outlets that report it? Robb report is in his pocket also? come on man. He still controls the cycling media,accept it.

Pull your head out. Do you think celebrities provide financial statements to Fortune magazine? It is all estimates, and those are based on sketchy information.

 

[thehog]

I think today is "day release" from Moms basement day.

 

[Zam_Olyas]

I always laugh when Mr hoggy mention about the lance's vanity fair appearance.... quite a few times now i think

 

[fatandfast]

Pull your head out. Do you think celebrities provide financial statements to Fortune magazine? It is all estimates, and those are based on sketchy information.

so in your opinion they are off by 50..75%? Just give me a number. any number I will pull out when you will. The guy is rich by normal standards. He gets paid to do many things that most do not, talk,ride a bike, just show up,ect.
I get a belly laugh at the the start money conversations that have taken place over the last half dozen years, the Lance just showing up cash is in the millions.