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Eugene

(61,894 posts)
Fri Dec 7, 2018, 04:47 PM Dec 2018

Lance Armstrong says Uber investment has 'saved' his family

Source: BBC

Lance Armstrong says Uber investment has 'saved' his family

6 December 2018 Cycling

Lance Armstrong says an early investment in Uber has "saved" his family after paying out $111m (£86.8m) in legal fees and settlements.

The American, 47, was stripped of his seven Tour de France titles and banned from cycling for life in 2012 before admitting to using performance-enhancing drugs.

He says he gave $100,000 (£78,212) to a venture capital fund that invested in the ride-hailing app in 2010.

"It's saved our family," he told CNBC.

-snip-


Read more: https://www.bbc.com/sport/cycling/46476497
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