Lance Armstrong: Postal Service deal worth more to feds

usps_lance-armstrongBy Associated Press – May 20, 2015
AUSTIN, Texas — Lance Armstrong’s legal team argued Tuesday that his Tour de France victories were worth far more to sponsor U.S. Postal Service than they were to him as it detailed part of his defense against a fraud lawsuit filed by the federal government.

In documents filed in federal court, Armstrong’s lawyers said the Postal Service’s own reviews of its contracts estimated their value at up to $140 million in global exposure in the form of public relations, revenue and product sales. The documents also include a June 2000 presentation to the Postal Service Board of Governors that showed sales spiked $8 million in 1999, the year Armstrong won the first of seven consecutive Tour de France titles.

Armstrong’s former teammate, Floyd Landis, sued Armstrong in 2010. The federal government joined the case in 2013 after he confessed to using performance-enhancing drugs during most of his career. The government wants to recover nearly $40 million the Postal Service paid to sponsor his team and damages in the case could soar into the $100 million range.

Read more: Lance: Armstrong: Postal Service deal worth more to feds | Boston Herald

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