Lance Armstrong told reporters today that he would co-operate with the federal investigators who have begun to investigate the possibility of bringing fraud and doping charges against cyclists and team managers.
Speaking to reporters, he contradicted the statement he gave under oath when he said he did not own a stake in Tailwind Sports, the company that owned and operated the US Postal Service team. In 2005, he said he owned a small stake in the company, now he says he held no stake.
Yesterday, the New York Daily News reported that Trek, the bicycle company that supplied bikes to Armstrong's US Postal Service team, which later became Discovery Channel, had been issued with a grand jury subpoena to release documents relating to Trek's sponsorship.
He said: "I was a rider on the team. I was contracted with Tailwind Sports, I never had any dealings with the Postal Service - zero. I didn't own the company [Tailwind Sports]. I didn't have an equity stake. I didn't have a profit stake. I didn't have a seat on the board. I can't be any clearer than that."
Armstrong: I'm an athlete on the team.
Armstrong: No. I don't remember.
Armstrong: I don't remember.
Armstrong: I'm sure there is.
As Cycle Sport magazine's summer 2010 issue (and the Cycling Weekly issue dated July 2) reported, Tailwind took out an insurance policy in 2001 to cover the bonuses due to Armstrong in the event that he won the 2002, 2003 and 2004 editions of the Tour de France. That policy cost Tailwind $420,000. When Armstrong won the 2004 Tour, SCA was due to pay out $5m, on top of $4.5m it had already paid. SCA withheld the final payment because it wanted to investigate the allegations of doping made against Armstrong in David Walsh and Pierre Ballester's book LA Confidentiel.
At an arbitration hearing, Armstrong was deposed to give evidence. That was where he said he owned a stake of around 10 per cent in Tailwind Sports. In the end, SCA Promotions settled out of court. The company has been following recent developments since Landis's initial allegations in May closely.
Also raised at the SCA Promotions case was the issue of the donation made by Armstrong to the UCI to purchase anti-doping equipment. Armstrong said the donation was 'around $25,000'.
Earlier this month, Mr McQuaid spoke about the payments and revealed there had been two payments - one of around $25,000 made by personal cheque from the account of Armstrong and his then wife in around 2002. The second payment was $100,000, made on Armstrong's behalf by his management company, in 2005.
However, there are still inconsistencies in Mr McQuaid's statements.
On June 2, Cycling Weekly submitted a request for an interview to the UCI, together with a list of 19 pertinent questions relating to Armstrong's donation and the purchase of the Sysmex machine.
Related links
McQuaid confirms Armstrong donated $100,000 to UCI
Confusion over payment Armstrong made to UCI for Sysmex machine
US government assigns federal prosecutor to doping case sparked by Landis confession
CYCLING WEEKLY'S COVERAGE OF THE LANDIS ALLEGATIONS AND RELATED STORIES
May 19 Landis admits he doped, implicates others
May 20 UCI's initial response to Landis allegations
May 20 WADA to investigate Landis allegations
May 20 Team Sky's Dave Brailsford responds to allegations against Michael Barry
May 21 Armstrong denies doping allegations
May 23 Could US Postal Service be key to investigation?
May 23 Confusion over Armstrong's donation to the UCI and the Sysmex machine
May 25 McQuaid confirms Armstrong's donation was $100,000
May 25 After initially dismissing them, UCI now takes Landis allegations seriously
June 7 Armstrong heckled at Tour of Luxembourg
June 7 Landis is represented by same legal team as Lemond
June 10 USGovt appoints federal prosecutor
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