USADA - Armstrong

[D-Queued]

Does the USADA arbitration have the facility to levy fines?

No.

Their job will be to determine if there has been a doping violation or not. If so, then they have the prescribed remedies.

If either party and/or WADA want to appeal, then they go to CAS. But, the mandate is effectively the same.

Dave.

 

[thehog]

Do you actually believe Armstrong came out of retirement because he needed income money from racing? The Michelob Ulta commercials alone would provide him substantial income. Presumably Livestrong.com also provides an income stream, not to mention many other endorsement and advertising contracts.

Absolutely it's the only reason he came back.

You thought he was actually doing this one on the house?

 

[Kennf1]

Why has the judge not dismissed the case yet?

Armstrong is allowed to file a response to the motion to dismiss (within 14 days of the motion). In addition, given that the judge has set a hearing date in August for all pending issues, he's not going to rule on any pending motion before that time.

 

[Turner29]

Absolutely it's the only reason he came back.

You thought he was actually doing this one on the house?

Even for you, this level of trolling is a bit far. People post links with estimates to his net worth that are fairly consistent with other athletes of his stature. In response, you supply not a single shred of evidence to back any of your claims.

Also, that you view his net worth only as his home and other physical assets shows you don't understand personal finance and investing very well.

 

[Race Radio]

Do you actually believe Armstrong came out of retirement because he needed income money from racing? The Michelob Ulta commercials alone would provide him substantial income. Presumably Livestrong.com also provides an income stream, not to mention many other endorsement and advertising contracts.

yes, the primary motivation behind the comeback was financial

 

[webvan]

Wasn't it to raise awareness for the fight against cancer officially ?

 

[TubularBills]

Even for you, this level of trolling is a bit far. People post links with estimates to his net worth that are fairly consistent with other athletes of his stature. In response, you supply not a single shred of evidence to back any of your claims.

Also, that you view his net worth only as his home and other physical assets shows you don't understand personal finance and investing very well.

Neither do superstar athletes:

http://www.gq.com/sports/guides/201204/athletes-millionaires-bankrupt-spending

http://sportsillustrated.cnn.com/vault/article/magazine/MAG1153364/

http://sports.espn.go.com/espnmag/story?id=3469271

 

[thehog]

Even for you, this level of trolling is a bit far. People post links with estimates to his net worth that are fairly consistent with other athletes of his stature. In response, you supply not a single shred of evidence to back any of your claims.

Also, that you view his net worth only as his home and other physical assets shows you don't understand personal finance and investing very well.

Seriously? How much do you think Michelob paid him? Have a guess. Give the tax man his share and you think he could live comfortable from this? Jet, upkeep of mansions etc., staff. No chance. I think it's you who doesn't understand.

Michelob no more than 3m. Absolutle tops. 1.5 for tax. Pay his agent leaves about 1m left over. Nothing when that funds a lifestyle and staff. His outgoings adding in legal would be 5m alone.

So you tell me where 135m combined assets is coming from?

The guy won bike races and was sponsored. He's not Bill Gates.

Bono made more from his minor Facebook investment than his entire career in music. Being a celeb doesn't mean riches beyond belief.

You still have to pay the mortgage.

 

[D-Queued]

Wasn't it to raise awareness for the fight against cancer officially ?

Sure.

Then explain the whole for-profit Livestrong.com thing. Also, please explain how he come out of retirement:

1. The money he pocketed personally for his appearance fee in Australia to promote cancer

2. That he bypassed the time required between announcing an end to his retirement and competition.

He also officially retired, the first time, to spend more time with his family.

What do you believe?

Dave.

 

[Microchip]

yes, the primary motivation behind the comeback was financial

Wow, really! Surprising, given that since he's been involved with these legal bills, it seems that the magnitude of his money is just very large. Well, you really can't judge a book by its cover.

 

[JA.Tri]

@Hog

You often request others to substantiate their view/opinion. As mentioned above: links have been provided and you have responded with off the cuff approximations (I think).

Please provide us all with the solid data you have access to.

Aside: delicious irony in comment listed below LA's electric car (Leaf).

http://www.richbutbroke.com/wealth-gallery-131/Lance-Armstrong-Cars-House

 

[thehog]

@Hog

You often request others to substantiate their view/opinion. As mentioned above: links have been provided and you have responded with off the cuff approximations (I think).

Please provide us all with the solid data you have access to.

Aside: delicious irony in comment listed below LA's electric car (Leaf).

http://www.richbutbroke.com/wealth-gallery-131/Lance-Armstrong-Cars-House

Nobody has substantiated anything. Just providing a link is not evidence. Look at those sites and see how the numbers are generated. They use web hits from twitter, Facebook and google. Look at the write ups on those sites. They barely trace his career. He won a few bike races and was sponsored. That's not paying Mark Zuckerburg levels. Where's the income?

I mean seriously. Common sense applies. Where is the 135m in assets? What is his 10m income?

Even if it is 10m per year that's already spent. It may appear a lot to the common man but in his life with what he has as out goings its nothing.

Why is this so difficult to comprehend?

After everything thats occurred on Wall St and you guys just accept the numbers?

What ever happened to critical thinking?

 

[mastersracer]

Nobody has substantiated anything. Just providing a link is not evidence. Look at those sites and see how the numbers are generated. They use web hits from twitter, Facebook and google.

I mean seriously. Common sense applies. Where is the 135m in assets? What is his 10m income?

Even if it is 10m per year that's already spent. It may appear a lot to the common man but in his life with what he has as out goings its nothing.

Why is this so difficult to comprehend?

For one, his assets include his stake in Capital sports and Entertainment, which had more than $250,000,000 in marketing and endorsement deals as of 2009 (when you say he came out of retirement due to financial problems).

 

[Dr. Maserati]

I remember reading the $125 million some years ago and thinking it was high.

However, I can now see how he has amassed that sort of figure - but certainly don't think it's a current net figure.

Just to give a quick example - LAs salary at USPS in 05, was $4, then add in his bonus with SCA was $5m, and they were only one company paying bonus, there was also Lloyd's & (IIRC) Chubb. Add in the sponsors and it would not be far off $20m alone for one year.

 

[Digger]

Are people saying he has loads of money neglecting to account for the half million a year he was paying Ferrari for 'body fat checking.'

Ferrari right there would take away alot of that Michelob advertisement money.

 

[hrotha]

How has this fairly irrelevant discussion about whether or not LA is rich and why he came back in 2009 lasted this long? Is this something USADA will care about?

 

[thehog]

For one, his assets include his stake in Capital sports and Entertainment, which had more than $250,000,000 in marketing and endorsement deals as of 2009 (when you say he came out of retirement due to financial problems).

Dream on. And what's his stake in CSE? I'm sure you have a link for that!

250,000,000!! So funny. Now you're just making stuff up. Come on pony up again with those links.

A private company of 40 people is worth 135m? Yeah right! Classic. Check out thee massive client list: http://www.planetcse.com/consulting.html

A bike shop?!!!

Here's some links from 2010 whilst we wait.

He doesn't even appear in the Top 20 or even Top 50 earning sportspeople!

http://en.ria.ru/photolents/20100724/159924899_20.html

http://www.forbes.com/2010/07/20/mo...sportsmoney-fifty-fifty-athletes_slide_3.html

 

[mastersracer]

Dream on. And what's his stake in CSE? I'm sure you have a link for that!

250,000,000!! So funny. Now you're just making stuff up. Come on pony up again with those links.

Here's some links from 2010 whilst we wait.

He doesn't even appear in the Top 20 or even Top 50 earning sportspeople!

http://en.ria.ru/photolents/20100724/159924899_20.html

http://www.forbes.com/2010/07/20/mo...sportsmoney-fifty-fifty-athletes_slide_3.html

"That company manages Armstrong’s cycling career and has created more than $250 million in marketing and endorsement deals."

http://www.bizjournals.com/austin/stories/2009/11/02/story2.html?page=all

Lance Armstrong, Bill Stapleton and Bart Knaggs have been involved in more than 20 business endeavors, including:

C3 Presents: A live events division that produces music events, such as the Austin City Limits Music Festival and Lollapalooza, was spun out as C3 Presents in January 2007 and is now the third-largest ticket seller in the U.S.

SRAM: The trio were key partners in Lehman Brothers
Merchant Banking’s equity partnership with bicycle
component maker SRAM.

Mellow Johnny’s Bike Shop: Owners and operators of an Austin retail store, which includes a significant online business and successful apparel line. The store opened in downtown Austin in 2008.

The FRS Company: Strategic investors in the $13 million preferred stock financing led by Oak Investment Partners in May 2008.

Hotel Le Toiny: Investors and general partner in an upscale resort venture on the island of St. Bart’s.

Hotel Saint Cecilia: Investor partners in a boutique hotel.

Grand Canyon Education Inc. (Nasdaq: LOPE): Early-stage investors in the acquisition and turnaround of online-based Grand Canyon University.

Tailwind Sports: Owner and general manager of the Discovery Channel and U.S. Postal Service professional cycling teams, responsible for all international operations for the team’s $20 million annual budget.

Frontgate Solutions: Founding partners of a Web-based event ticketing service for the entertainment industry.

Demand Media: Strategic partners and shareholders for the creation and launch of LiveStrong.com. The company has raised more the $350 million from tier-one investors, including Oak Investment Partners, Spectrum Investment and Goldman Sachs.

Fourth Floor Management: Launched and operated an artist management firm that has served numerous clients, including Blues Traveler, Jack Ingram and the Greencards.

 

[Anonymous]

Nobody has substantiated anything. Just providing a link is not evidence. Look at those sites and see how the numbers are generated. They use web hits from twitter, Facebook and google.

I mean seriously. Common sense applies. Where is the 135m in assets? What is his 10m income?

Even if it is 10m per year that's already spent. It may appear a lot to the common man but in his life with what he has as out goings its nothing.

Why is this so difficult to comprehend?

I dunno hog.

His Subaru deal was $10M+ for a little over two years. Equity stakes in FRS and Honey Stinger. Livestrong/Nike line $75M in sales year 2011. Endorsement deals with Nissan, Oakley, 24-Hour Fitness (as of 2010 anyways), Anheuser-Bush, Trek, Giro and on and on and on.

Certainly, LA is toxic for new endorsement deals now but he's done remarkably well over the years.

I think it's safe to assume his endorsement deals far exceeded any salary earnings during his career.

At this stage he's likely financially sound.

 

[D-Queued]

"That company manages Armstrong’s cycling career and has created more than $250 million in marketing and endorsement deals."

http://www.bizjournals.com/austin/stories/2009/11/02/story2.html?page=all

...

Not taking sides here ('cuz I think it is irrelevant), but $250m in deals DOES NOT equal $250m in value.

If (big if) they cleared 10% after tax, then their equity participants would have a share of $25m in value.

As for other sources of net value, don't forget an ownership stake in Trek.

Dave.

 

[Kender]

The Hog is the biggest troll on these forums. How he has managed to avoid being banned I'm not sure. He constantly attacks anyone with a differing opinion than himself and demands links and evidence he refuses to provide himself for his own arguments.

Many trolls have been banned for alot less than he gets away with

 

[thehog]

But you said Armstrong had a stake? What is his stake to be added to his assets?

"That company manages Armstrong’s cycling career and has created more than $250 million in marketing and endorsement deals."

http://www.bizjournals.com/austin/stories/2009/11/02/story2.html?page=all

Lance Armstrong, Bill Stapleton and Bart Knaggs have been involved in more than 20 business endeavors, including:

C3 Presents: A live events division that produces music events, such as the Austin City Limits Music Festival and Lollapalooza, was spun out as C3 Presents in January 2007 and is now the third-largest ticket seller in the U.S.

Fourth Floor Management: Launched and operated an artist management firm that has served numerous clients, including Blues Traveler, Jack Ingram and the Greencards.

 

[thehog]

I dunno hog.

His Subaru deal was $10M+ for a little over two years. Equity stakes in FRS and Honey Stinger. Livestrong/Nike line $75M in sales year 2011. Endorsement deals with Nissan, Oakley, 24-Hour Fitness (as of 2010 anyways), Anheuser-Bush, Trek, Giro and on and on and on.

Certainly, LA is toxic for new endorsement deals now but he's done remarkably well over the years.

I think it's safe to assume his endorsement deals far exceeded any salary earnings during his career.

At this stage he's likely financially sound.

SoCal I will stand down from the argument. I like your posts so I'm not going to stir the pot.

But when you pull apart those numbers there's not a lot there. You have to remember that a sports person who's not on a footballer type salary uses their endorsement money to run the company of themselves. i.e. they have to spend their own money (pre-tax) in the promotion of themselves. If you think of that money from say Subaru would equate to 5m over two years in the pocket after tax. Imagine the mortgage on 3 properties, the upkeep of the grounds and the staff. Throw in a divorce and its all dried up.

He's not a football/soccor playing pulling in 45m a year. No where near it. His lifestyle never matched his income.

Seriously if was wealthy beyond means he never would have come back - are you serious he came back for fun? Not to cycling, no. Its hardly a glamour sport like football. It actually takes 5-6 hours a day of training and you want to be getting money for that. Good money. Which he did from appearances.

The stock market crash hit and the money was drying up hence the comeback. It was well thought out and planned.

 

[mewmewmew13]

Wasn't it to raise awareness for the fight against cancer officially ?

do you really believe that? It would be honorable if it were really true but he seemed to drop the ball on that, so to speak.

 

[PedalPusher]

How's that legal argument going? Oh.....wait......brb