What more does Lance Armstrong have to lose?

A LOT. The disgraced seven-time Tour de France and Olympic medal winner Lance Armstrong confessed that he did use performance-enhancing drugs during his recent interview with Oprah Winfrey after years of denying the allegations.  He was stripped of his medals in June 2012 after the United States Anti-Doping Agency (USADA) charged him with using performance-enhancing drugs, as well as all titles that he won since August 1998 and received a lifetime ban from any cycling competition. But it does not end there. Armstrong also lost his endorsement with Nike and has been asked to repay prize money that he won.

Some say his apology was insincere. Some say he did the interview with Oprah to stay in the limelight. Whatever his reasons are the fact still remains that after years of lying, he finally told the truth. But is it too late?  While he cannot be prosecuted for perjury after lying under oath in a 2006 deposition due to the statute of limitations, Armstrong will have legal battles forthcoming.

Years of lying has and will continue to cost him. The Sunday Times in London is now suing the cyclist for $1.5 million. Why? Because Armstrong sued them for libel in 2004 after it published claims that Armstrong used prohibited drugs. I guess I can't blame the guy; he had to make his story believable, right? Interestingly, they settled with Armstrong for half a million dollars. So if Armstrong does lose this suit, it will cost him three times more than what he was awarded!

The US Attorney's office in Los Angeles has reopened his its investigation on him and the Department of Justice may join the whistleblower suit that was filed by Armstrong's teammate Floyd Landis in 2010. As this story continues to unfold, I am pretty sure more lawsuits, "exclusive interviews" and pictures will be released.

Now what does all of this have to do with today's blog? Blatantly said, Armstrong will not have the chance to use this awesome GPS handlebar mount during his next race.

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