Official Lance Armstrong Thread: Part 4 (Post-Settlement)

Page 4 - Get up to date with the latest news, scores & standings from the Cycling News Community.
Re:

MatParker117 said:
https://www.cnbc.com/2018/12/06/lance-armstrong-says-his-investment-in-uber-saved-our-family.html

Lost $111 million as a result of his confession but made tens of millions thanks to an early Uber investment. He could end up a billionaire when Uber goes public.
he will not be a billionaire. Uber is not going to grow 100x. Personally I believe that it's highly over-valued at the moment and Lance would be wise to get out on a high (via the secondary market). Uber is not and never has been profitable, never will be profitable without jacking up prices, and is only afloat due to VC exuberance and their childish tendency to throw good money after bad.

(You can do some bad math to show he's already a billionaire but let's just take him at his word that he's currently around the tens of millions mark, since none of the numbers are truly public or verifiable. If he were in the billions range I can assure you he'd be flying the bird to everyone in the cycling community and beyond.)
 
Lance's investment into Uber was one of the luckiest things ever to happen to him. Kudos to his advisor on that. Now he can recoup, and pretty much do whatever he likes. He will live like many of those thousands of multi millionaires out there, who will live beyond comfortable well into their 70's. I do not see him entering politics at any level.
 
Jan 7, 2019
124
0
0
The worst thing about all this whole debacle is that it's not just about Armstrong. It has completely devalued cycling in general. I mean nowadays you just know that everyone is doped there anyway (+ at least some probably use that so-called motor doping). What difference does disqualifying one rider make any more?
 
Re:

zarnack said:
The worst thing about all this whole debacle is that it's not just about Armstrong. It has completely devalued cycling in general. I mean nowadays you just know that everyone is doped there anyway (+ at least some probably use that so-called motor doping). What difference does disqualifying one rider make any more?
Going after the USPS, and just canning Lance and Jphann was BS, although I did see it awesome they went after the doctors. Admittedly Lance is a fraud, a cheat and an A-Hole, however he did a lot, and I mean a lot for US Cycling. Looking at some of the riders implicated and lomgterm doctors, I really wish Tygart went about this in another way, following US anti doping penalties seen in NFL, and MBL. All Travis proved is how cycling is dirty, however I believe less dirty than more popular, and richer sports.
 
Feb 10, 2010
8,095
0
0
Re: Re:

This Charming Man said:
zarnack said:
however he did a lot, and I mean a lot for US Cycling
Facts: USA Cycling stopped publishing an annual report. I'm sure it's because of all the good Lance did for the sport. Where are those lucrative pro cycling sponsorships needed to run a decent doping program?

Anyone you talk to about cycling that isn't kissing Lance's a__ has the opinion it is all a doped, corrupt mess. Because it is.
 
Re: Re:

DirtyWorks said:
This Charming Man said:
zarnack said:
however he did a lot, and I mean a lot for US Cycling
Facts: USA Cycling stopped publishing an annual report. I'm sure it's because of all the good Lance did for the sport. Where are those lucrative pro cycling sponsorships needed to run a decent doping program?

Anyone you talk to about cycling that isn't kissing Lance's a__ has the opinion it is all a doped, corrupt mess. Because it is.
But it isn't a doped, corrupt mess because Lance cheated. Lance cheated because it's a doped, corrupt mess.

Lance got singled out as the fall guy, but they didn't do anything to go after or fix the actual problem in the sport. The fact that he got the brunt of it was complete BS and did absolutely nothing for the long-term prevention of doping in the sport.
 
Aug 10, 2010
5,235
0
0
Re: Re:

Saint Unix said:
DirtyWorks said:
This Charming Man said:
zarnack said:
however he did a lot, and I mean a lot for US Cycling
Facts: USA Cycling stopped publishing an annual report. I'm sure it's because of all the good Lance did for the sport. Where are those lucrative pro cycling sponsorships needed to run a decent doping program?

Anyone you talk to about cycling that isn't kissing Lance's a__ has the opinion it is all a doped, corrupt mess. Because it is.
But it isn't a doped, corrupt mess because Lance cheated. Lance cheated because it's a doped, corrupt mess.

Lance got singled out as the fall guy, but they didn't do anything to go after or fix the actual problem in the sport. The fact that he got the brunt of it was complete BS and did absolutely nothing for the long-term prevention of doping in the sport.
The fact that Lance got the brunt of it was REALLY GOOD THEATER. Anybody who doesn't appreciate that drama should take another look at it. It had everything! It was a wonderful balloon-deflater to those who take bike racing way too seriously. It was so entertaining. (But of course, here on this forum, Lance was the worstest human being who ruined lives. LOL)
 
Aug 2, 2012
4,219
0
0
poor lance....what bollox....he got nothing more than he deserved....sanction loss of results/contracts

and he was not the only one team doctors.bruyneel ,,,,,,,,,,,,,,,,,,,,,,
 
Re:

ebandit said:
poor lance....what bollox....he got nothing more than he deserved....sanction loss of results/contracts

and he was not the only one team doctors.bruyneel ,,,,,,,,,,,,,,,,,,,,,,
Well he was an early investor in Uber which is about to go IPO which should make him more money than he ever did as a cyclist. I say he came out alright.
 
Jul 18, 2010
934
0
0
Re: Re:

thehog said:
ebandit said:
poor lance....what bollox....he got nothing more than he deserved....sanction loss of results/contracts

and he was not the only one team doctors.bruyneel ,,,,,,,,,,,,,,,,,,,,,,
Well he was an early investor in Uber which is about to go IPO which should make him more money than he ever did as a cyclist. I say he came out alright.
...or maybe not.

Uber's IPO joins ranks of Wall Street flops
Uber plunged at the opening of trading, falling as much as 8.8% from its IPO price of $45 per share. The stock closed at $41.57

Uber's IPO got caught in a perfect storm
In all, Uber lost nearly $6 billion in market cap in its first five hours as a public company.
 
Aug 20, 2016
76
0
0
Re: Re:

StyrbjornSterki said:
thehog said:
ebandit said:
poor lance....what bollox....he got nothing more than he deserved....sanction loss of results/contracts

and he was not the only one team doctors.bruyneel ,,,,,,,,,,,,,,,,,,,,,,
Well he was an early investor in Uber which is about to go IPO which should make him more money than he ever did as a cyclist. I say he came out alright.
...or maybe not.

Uber's IPO joins ranks of Wall Street flops
Uber plunged at the opening of trading, falling as much as 8.8% from its IPO price of $45 per share. The stock closed at $41.57

Uber's IPO got caught in a perfect storm
In all, Uber lost nearly $6 billion in market cap in its first five hours as a public company.
Whether Uber 'flopped' on IPO misses the point. We need to know how many shares Lance has for his $100k (and on what terms..) before you can even start to calculate how much his holding is worth...

I'll contend that he has done more than very well should he have sold his entire holding on IPO day.
 
Jul 18, 2010
934
0
0
Re: Re:

Norks74 said:
Whether Uber 'flopped' on IPO misses the point. We need to know how many shares Lance has for his $100k (and on what terms..) before you can even start to calculate how much his holding is worth...

I'll contend that he has done more than very well should he have sold his entire holding on IPO day.
Investors who bought Uber shares 3 years ago have lost 15% of their money, before fees. The opportunity cost is even greater: Investors in the S&P 500 have seen their money grow by 50% over the same period.
 
Aug 20, 2016
76
0
0
Re: Re:

StyrbjornSterki said:
Norks74 said:
Whether Uber 'flopped' on IPO misses the point. We need to know how many shares Lance has for his $100k (and on what terms..) before you can even start to calculate how much his holding is worth...

I'll contend that he has done more than very well should he have sold his entire holding on IPO day.
Investors who bought Uber shares 3 years ago have lost 15% of their money, before fees. The opportunity cost is even greater: Investors in the S&P 500 have seen their money grow by 50% over the same period.
Thanks. Good link. It seems that Lance got in early enough (2009). I wonder if he sold his holding on IPO day?
 
Re: Re:

DirtyWorks said:
This Charming Man said:
zarnack said:
however he did a lot, and I mean a lot for US Cycling
Facts: USA Cycling stopped publishing an annual report. I'm sure it's because of all the good Lance did for the sport. Where are those lucrative pro cycling sponsorships needed to run a decent doping program?

Anyone you talk to about cycling that isn't kissing Lance's a__ has the opinion it is all a doped, corrupt mess. Because it is.
Exactly! I always get a huge laugh whenever someone uses the "they all doped, so what" response. They did? You sure? Have any proof that EVERY SINGLE RIDER during Wonderboys run was in fact doping?

"Well erm...i erm...."..
 
Re: Official Lance Armstrong Thread: Part 4 (Post-Settlement

Certainly every one of Armstrong's main rivals on Tour de France podium were found doping at some point apart from Escartin. Given Armstrong basically admitted to doping for all wins, would be amateurish of the others to not be. Back in those days the opinion was that doping was being a good professional. EPO not even detectable for 3/4 of Armstrong's wins anyway and half it was as good as legalised by UCI anyway.

Alex Zülle
Fernando Escartín
Jan Ullrich
Joseba Beloki
Raimondas Rumšas
Alexander Vinokourov
Andreas Klöden
Ivan Basso
 
Jul 29, 2016
365
0
0
Re: Re:

86TDFWinner said:
DirtyWorks said:
This Charming Man said:
zarnack said:
however he did a lot, and I mean a lot for US Cycling
Facts: USA Cycling stopped publishing an annual report. I'm sure it's because of all the good Lance did for the sport. Where are those lucrative pro cycling sponsorships needed to run a decent doping program?

Anyone you talk to about cycling that isn't kissing Lance's a__ has the opinion it is all a doped, corrupt mess. Because it is.
Exactly! I always get a huge laugh whenever someone uses the "they all doped, so what" response. They did? You sure? Have any proof that EVERY SINGLE RIDER during Wonderboys run was in fact doping?

"Well erm...i erm...."..
First question - Sky/Ineos

Second question - this is just game with words, just add "GC contender" instead rider ... . and you can add to Sam Hocking nearly everyone from top 10 from LA years, Iban Mayo, Francisco Mancebo etc...
 
Re: Re:

Norks74 said:
I wonder if he sold his holding on IPO day?
He never had a holding.

He was invested in a fund that invested in Uber.

And the price has already climbed from its $37-something low to $43-something.

Maybe save the bunting and champagne for later, peeps.
 
Re: Re:

lartiste said:
86TDFWinner said:
DirtyWorks said:
This Charming Man said:
zarnack said:
however he did a lot, and I mean a lot for US Cycling
Facts: USA Cycling stopped publishing an annual report. I'm sure it's because of all the good Lance did for the sport. Where are those lucrative pro cycling sponsorships needed to run a decent doping program?

Anyone you talk to about cycling that isn't kissing Lance's a__ has the opinion it is all a doped, corrupt mess. Because it is.
Exactly! I always get a huge laugh whenever someone uses the "they all doped, so what" response. They did? You sure? Have any proof that EVERY SINGLE RIDER during Wonderboys run was in fact doping?

"Well erm...i erm...."..
First question - Sky/Ineos

Second question - this is just game with words, just add "GC contender" instead rider ... . and you can add to Sam Hocking nearly everyone from top 10 from LA years, Iban Mayo, Francisco Mancebo etc...
Well I assume 'they all dope' we're discussing all the riders that Armstrong beat. 99% of the peloton he isn't having to beat, they are the team mates sacrificing themselves for the GC contenders he did.


As for Sky/Ineos I've no idea what the question is?
 
Jul 29, 2016
365
0
0
Re: Re:

Concerning Sky/Ineos, it was reaction to Dirty works question which I highlited in bold:

"Where are those lucrative pro cycling sponsorships needed to run a decent doping program? "
 
Aug 20, 2016
76
0
0
Re: Re:

fmk_RoI said:
Norks74 said:
I wonder if he sold his holding on IPO day?
He never had a holding.

He was invested in a fund that invested in Uber.

And the price has already climbed from its $37-something low to $43-something.

Maybe save the bunting and champagne for later, peeps.
Indeed, you are correct, his money was/is in a Lowercase Capital venture cap. fund.
 

ASK THE COMMUNITY

Latest posts