Lance Armstrong settles government lawsuit for £3.5m
ByEurosport
Updated 20/04/2018 at 13:35 GMT
Lance Armstrong has settled a lawsuit with the US Government over his use of performance-enhancing drugs while representing the government-funded US Postal Service team.
Armstrong was accused of fraud after being stripped of seven Tour de France titles when banned from cycling in 2012.
And on Friday the American settled in court, paying £3.5m to end a lengthy legal battle that could have cost him as much as £71m.
"I'm glad to resolve this case and move forward with my life," Armstrong said in a statement.
I have since 2013 tried to take full responsibility for my mistakes, and make amends wherever possible. I rode my heart out for the Postal cycling team, and was always especially proud to wear the red, white and blue eagle on my chest when competing in the Tour de France. Those memories are very real and mean a lot to me.
"I'm looking forward to devoting myself to the many great things in my life - my five kids, my wife, my podcast, several exciting writing and film projects, my work as a cancer survivor, and my passion for sports and competition."
The case against Armstrong was brought by former team-mate Floyd Landis, and subsequently joined by the US government, with Armstrong being sued under the federal False Claims Act for defrauding the government with his actions.
During the time of Armstrong's doping the team were paid £23m, with the government potentially able to treble that figure by the rules of the case.
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