An arbitration panel on Monday ordered Lance Armstrong and Tailwind Sports Inc., owner of the disgraced cyclist’s Tour de France teams, to pay $10 million to SCA Promotions, a Dallas-based insurance company, the New York Daily News reported Monday.
SCA paid Armstrong and Tailwind approximately $12 million in bonuses during Armstrong’s career. His seven Tour de France titles were forfeited after he and his cycling teams were found to have used banned performance-enhancing drugs, CBS News reports.
During arbitration a decade ago, SCA challenged the bonuses. Armstrong continued to deny he was involved in doping, and SCA agreed to a settlement with the cyclist and paid him $7 million in 2006.
The company later sued Armstrong to get its money back after new evidence of his cheating was exposed.