Ex-cycling champion Armstrong Says Uber Investment Saved Family

09 Décembre, 2018, 19:24 | Auteur: Adelaide Bullion
  • Lance Armstrong admitted to Oprah Winfrey in 2013 that he cheated to win his Tour de France titles

Pressed by Sorkin to offer at least a ballpark figure as to how much the Uber-driven investment is worth now, Armstrong hedges.

Lance Armstrong did not reveal how much his investment in Uber was now worth.

The disgraced cycling legend spoke with CNBC's Andrew Ross Sorkin on TODAY Thursday about what his life has been like since the damaging admission in a 2013 interview with Oprah Winfrey that he cheated during his record-setting stretch of Tour de France victories.

According to the news website, invested $100,000 in Chris Sacca's nascent venture capital firm in 2009.

The American was stripped of his seven Tour de France titles and banned from cycling for life in 2012 for doping. The case had cost him millions of dollars in lost endorsements and lawsuit settlements and he would have gone under, had it not been for the money he got from Uber.

Armstrong dodged the most costly of lawsuits with a $5 million settlement announced in April.

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Armstrong's bonanza was a giant stroke of luck after he received a phone call from former Google employee and now billionaire investor Chris Sacca.

"He was starting his own venture capital fund, Lowercase Capital, and he called me saying, 'I'm looking for investors, would you invest?'" Armstrong said. "I thought he was buying up a bunch of Twitter shares from employees or former employees, and the biggest investment in Lowercase ... was Uber". However, he said that his other settlements and legal fees meant he had to pay $111m in total.

He struggled to understand why Rodriguez was able to recover from the incident while he couldn't - even though he helped raise millions for cancer research through his Livestrong foundation.

Lance Armstrong has expressed his frustration about Alex Rodriguez, who supposedly cheated on Jennifer Lopez, and wonders why everyone doesn't hate him.

Armstrong added, "Look, it's great when somebody hits home runs and maybe does an event here and there for the Boys & Girls Club".



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