irongrl said:
Does he have any actual income at all now?
He has a lot of business interests, fingers in a lot of pies.
As I said in my first big post, I do not think paying back SCA, Sunday Times, Law suits from others libelled such as LeMond adding up to (say) $15m would be a mortal bow to him. He has a jet and several houses worth up to $10m each.
What would really kill him is a claim back from such as Nike for all sponsorship to date - $5m a year for 10 years - if their contract has a "clean" clause.
As I said above, I suspect his lawyers are calculating the liability of "coming clean" with a view to apology and possibly to the best seller I mentioned dishing the dirt on all sorts of people including UCI ( which could earn him a much shorter ban at USADA) - and highlighting self serving twists of truth by such as Landis and Floyd = and others.
I am not a lawyer, but I believe By and large civil actions can only take you to bankruptcy - and cannot extend back to assets in other peoples names predating the action.. Only criminal actions have the power to sequester access of all proceeds: so fraud would have to be proven. I have no doubt that lance helped Nike sell a lot of stuff for his ill gotten gains, so it is hard to know ho value "damage" arsing from breach of contract, if liquidated damages are not defined in the contracts with sponsors.
I am sure such a book would be a world best seller. "it is about the bike!" to go on the fact not fiction section this time. And it would be one chance to apologise to all, and start to build a road back.
Lance has charisma going for him.. His detractors by and large have had charisma bypass operations.