Dec 7, 2018

Lance Armstrong says Uber investment has 'saved' his family

Lance Armstrong says an early investment in Uber has "Saved" his family after paying out $111m in legal fees and settlements. "It's saved our family," he told CNBC. In April, Armstrong agreed to pay $5m to the US government to settle a long-running lawsuit that could have cost him $100m in damages. Armstrong, who has five children, did not say how much he had earned from his Uber investment but added it was "Too good to be true". Armstrong retired after winning seven straight Tour titles from 1999 to 2005, finishing third in his comeback in 2009 before retiring again in 2011. The US Anti-Doping Agency subsequently found Armstrong had led "The most sophisticated, professionalised and successful doping programme that sport has ever seen", with the Texan admitting in 2013 he had used drugs throughout his career.

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