New York: Lance Armstrong has been fined 10million US dollars (&pound;6.5m) for lying about his use of performance-enhancing drugs following an arbitration panel hearing into his case with SCA Promotions. <img title="Lance Armstrong" src="http://images.mid-day.com/images/2015/feb/17Lance-Armstrong-1.jpg" alt="Lance Armstrong" /> Lance Armstrong&nbsp;
Dallas-based SCA Promotions was forced to pay Armstrong 7.5m dollars in 2006 after an arbitration process over disputed payments relating to his seven Tour de France victories.
However, Armstrong has since admitted to doping in all seven of his Tour wins and was found to have lied in proceedings, leading to the payout.
A statement from SCA Promotions read: "Lance Armstrong was hit with a record-breaking 10million-dollar sanctions award by the arbitration panel hearing his dispute with Dallas-based SCA Promotions, Inc.

Lance Armstrong has been fined 10million US dollars (&pound;6.5m) for lying about his use of performance-enhancing drugs following an arbitration panel hearing into his case with SCA Promotions

Lance Armstrong hit with record fine for lying

Rowing helped me regain my strength: Jeev Milkha Singh

Lance Armstrong has been fined 10million US dollars (&pound;6.5m) for lying about his use of performance-enhancing drugs following an arbitration panel hearing into his case with SCA Promotions

Lance Armstrong hit with record fine for lying

Trending Stories

Latest Photos

Latest Videos

Latest Web Stories

Mid-Day Fast

Home / Sports / Other Sports / Article / Lance Armstrong hit with record fine for lying

Lance Armstrong hit with record fine for lying

Trending Stories

Latest Photos

Latest Videos

Latest Web Stories

Mid-Day Fast