AP: Armstrong won't challenge doping allegations; loses Tour titles (Lance to confess)

[Kosher Ham]

I'm sure it sucks that Nike has dropped him but he's also suckled from that teat for a long time. Hopefully he's been smart enough to bank enough of that money to last a lifetime.

I think he was making about 200k per with Nike. But he was last I saw worth over 100M. I think he should be fine with all this stuff behind him.

[Elessar78]

I think he was making about 200k per with Nike. But he was last I saw worth over 100M. I think he should be fine with all this stuff behind him.

This is what I was saying to people who thought he was nuts about fighting it in court. His networth is 100M but how much of that is liquid? Would you really rather keep 5-10% of your net worth or fight a losing battle?

[Kosher Ham]

This is what I was saying to people who thought he was nuts about fighting it in court. His networth is 100M but how much of that is liquid? Would you really rather keep 5-10% of your net worth or fight a losing battle?

I would guess even if liquid is half of that...he should be just fine. Unless he goes into T.O. mode or Mike Tyson.

Rich people being broke isn't even close to anyone else being broke. The media likes to make it seem that way. But when I see you living in a mansion in instead of a small apartment...I am not so sure that you are really broke by normal standards.

[Elessar78]

I think it's just a matter of time though, right? Before they're out of the manse and into the apt?

[AsiaticSkinsFan]

well this is a Nike and Livestrong witch hunt now

[Kosher Ham]

I think it's just a matter of time though, right? Before they're out of the manse and into the apt?

You think Mike Tyson lives in an apt. ?
You think he is really dirt poor ?

Not really...

[AsiaticSkinsFan]

yeah, Mike Tyson lives in a nice single family home.


its not the absurd mansion he had in Connecticut, but he isnt a pauper.

[UK_HOG]

He's smart enough not to keep fighting and just burn through his money. People have this perception that athletes live for us and that all of them should be worried about their legacy—at least their legacy toward millions they've never met.

.

He is going to have to keep fighting when the lawsuits to recover money he conned out of people start to come in. He committed perjury when he lied to a court in a lawsuit he filed against a Texas insurance company who will now be after their money back. He also committed perjury in an action taken against the Times newspapers.

http://www.telegraph.co.uk/sport/oth...legations.html

[Duckus]

He just stepped down as Chairman of the LiveStrong.

Folks are going crazy down here. I don't really care about him, but he is a legend in Austin.

[Elessar78]

You think Mike Tyson lives in an apt. ?
You think he is really dirt poor ?

Not really...

Found this about Mike Tyson's life now. I guess you have enough of a life to live off of after everything else fades.

http://www.nytimes.com/2011/03/20/ma...anted=all&_r=0

[ixcuincle]

http://twitter.com/Buster_ESPN/statu...95445704126464

NY Times is reporting that Lance Armstrong weighing PED admission. nytimes.com/2013/01/05/spo… That'd have to come with about a million apologies.

ROFL.

[StillUnknown]

Lance is just a smidge late to the party.

[Special K]

Man, what a swing his life has taken; top of the world 6-7 years ago, down the toilet now. Couldn't have happened to a nicer guy...

[Hersh]

I imagine that his people are floating this to see what the reaction would be. At this point, who cares about the guy? I'm glad he has raised money for a great cause, but he is just another cheat now.

[FrFan]

Too bad his probable PED admission will come from a $$$ standpoint and not from true remorses.