Given Armstrong's lost sponsorship revenue and the huge amount of money he must have spent on his legal team over the past year and will continue to spend, Armstrong's financial resources already are being compromised. One thing I have thought about is whether it would make sense for him to file for bankruptcy. A bankruptcy would stay all present litigation and require all potential claimants to bring claims in the bankruptcy court. Now, there are exceptions one's ability to discharge certain debts in bankruptcy, such as those based on fraud.
Most humbling moment? LA: "Nike called, said they were out... Then calls starting coming. Trek. Giro. Anheuser-Busch. Everyone out. And that was still not the most humbling moment... I had this place in my mind they would all leave. I did not think the [Livestrong] foundation would leave."
Winfrey exploring "the disease," as Armstrong referred to cancer throughout Thursday's broadcast.
500 million dollars raised by LiveStrong. We knew that. Will Oprah touch on its spending?
A question for our PR experts. What would it take for Lance to make it back, image wise?
LA's most humbling moment: "We need you to step down as chairman but stay on the board. That wasn't enough for the people, our supporters. A few weeks later, the next call came. We need you to step aside."
Not forced out? “I wouldn’t at all say forced out, told to leave. I was aware of the pressure.”
I don't think this is really about stemming the bleeding on sponsors. I don't think he'll ever get them back. I think it's more about his personal legacacy. If he can ever do that, it will be a very long process.
But this nation can be very forgiving and likes a comeback story, even from those who have really screwed up. See Bill Clinton, for example.
Up next: "Just layin' around"
Q: Are you facing your demons? LA: "Absolutely. It's a process, and I think we're at the beginning of the process."
He's right about being at the beginning of the process.
It's a process. But it was forced upon him. Would this process seem more genuine if it had come about organically?
A British radio host asked me about that last night, Sinful Mistress (I just laughed out loud typing that name). I don't know. Would I buy LA stock now or wait a little longer? Can he even recover 10 percent to make it a worthwhile investment?
I don't want to belabor the analogy but Bill Clinton was intially very aggressive and hostile.
Betting pool here in Australia says there will be a breakdown before the show's end ...
Doesn't believe doping contributed to causing his cancer.
Here is footage from Armstrong's brash deposition in the SCA Promotions arbitration.
Armstrong calls it "sick."
Watching clip of himself from 2006 SCA Promotions lawsuit testimony, LA says "I don't like that guy." Asked "who is that guy?" he answers "He's still there."
Armstrong says that guy is still inside.
"I'd apologize to David Walsh," he said reluctantly.
Do you owe David Walsh an apology? Journalists, what say you? In chorus?
Do you owe David Walsh an apology? LA: "That's a good question............. I would apologize to David Walsh."
"I will spend as long as I have to, to make amends, knowing full well I won't get very many back."
There it is. Wants the 8 year ban so he can compete at 50.
Are you doing this because you want to compete again? "If you are asking me if I want to compete again, the answer is yes. I'm a competitor."
I'm beginning to get the feeling we're still going to be left wanting for details after tonight's broadcast. This is all about Armstrong the man and what endurance events he'd like to compete in.
Hearing my posts are about a minute behind. Apologies. I just hit refresh. Fingers crossed.
Lance says he deserves to compete.
This man is insane. "I deserve [to compete] again."
Given Armstrong's lost sponsorship revenue and the huge amount of money he must have spent on his legal team over the past year and will continue to spend, Armstrong's financial resources already are being compromised. One thing I have thought about is whether it would make sense for him to file for bankruptcy. A bankruptcy would stay all present litigation and require all potential claimants to bring claims in the bankruptcy court. Now, there are exceptions one's ability to discharge certain debts in bankruptcy, such as those based on fraud.
Most humbling moment? LA: "Nike called, said they were out... Then calls starting coming. Trek. Giro. Anheuser-Busch. Everyone out. And that was still not the most humbling moment... I had this place in my mind they would all leave. I did not think the [Livestrong] foundation would leave."
UCI told him to donate; Livestrong told him to leave.by jurgenmaas via twitter 1/19/2013 2:08:13 AM
Oprah: "Are you facing your demons?" Lance: "Yes." Well what the hell else was he going to say?by TJQuinnESPN via twitter 1/19/2013 2:10:34 AM
