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Air Huarache Black

Air Huarache Black

Air Huarache Black

whom it had an endorsement deal since late 2009. There was no word on the sponsorship of the RadioShack Nissan team. Oakley has said it will wait for the UCI's response before taking any action.His other investments include minority ownership stakes in Trek, SRAM, FRS energy drinks, and Honey Stinger. Agent Bill Stapleton said last week that Armstrong earns $150,000 for each speaking engagement and has typically done roughly 20 a year.But as some of the previous endorsements have come back to haunt him (such as the iconic "What Am I On?" ad for Nike), sponsors may back away from him. And, as his star dims, he may be less in demand for speaking engagements or endorsements.His personal net worth isestimated at $125 million, but as sponsors sever contracts or decline to renew them, his income will rely on investments, not endorsements and speaking deals, whichForbes estimated have earned him roughly $10 million a year.

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Air Huarache Black

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Central District of California which closed its criminal investigation into Armstrong in February declined to comment to Bicycling on its reasoning for that decision or whether it would reconsider and re open the investigation.And Floyd Landis still has a qui tam, or whistle blower, case pending that would recover sponsorship money for the federal Nike Air Huarache Light Black/Gum

More Bad News for Armstrong

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After Doping Scandal, More Bad News for ArmstrongDisgraced cyclist steps down as chairman of Livestrong, sponsors cut ties, and potential lawsuits loom.The fallout from the USADA investigation and report on doping at the United States Postal Service has had some predictable and less predictable consequences.Johan Bruyneel was let go as general manager of RadioShack Nissan; former Postie Matt White was dismissed from his jobs directing Orica GreenEdge and the Australian national cycling team; and Levi Leipheimer's contract with Omega Pharma Quick Step was severed.But the most shocking news came out Wednesday, as Lance Armstrong stepped down from his role as chairman of the Livestrong charity, and a number of longtime sponsors, including Nike and Trek, announced that they were severing ties with the cyclist (although all said they would stand by their commitment to his charity).In all, Wednesday saw Nike, Trek, Giro, Anheuser Busch, and RadioShack sever ties with Armstrong. Honey Stinger, an energy food company of which Armstrong is a part owner, said it will remove Armstrong from Air Huarache Black its packaging.It's a remarkable move by Nike, a company with a history of sticking by its sponsored athletes in troubled times. Despite major scandals including criminal charges in some cases Kobe Bryant, Ben Roethlisberger, Tiger Woods, and Wayne Rooney all enjoyed unbroken support from the sports apparel giant. Even Michael Vick, whose contract was severed in 2007 after he was found guilty of running a dogfighting ring, has returned to the fold as a Nike athlete.Armstrong may join former Penn State coach Joe Paterno as the only figures in recent memory to be permanently removed from the Nike pantheon. Paterno, who died earlier this year, had his name removed from the child care center at Nike's headquarter campus in Beaverton, Oregon.In its statement, Nike said it would change the name of the Lance Armstrong Fitness Center on the same campus. Last week, Nike reaffirmed its support for him, which makes today's about face that much more remarkable.Armstrong's voluntary abdication of his chairman role at Livestrong is equally shocking. He's been the chairman since its inception as the Lance Armstrong Foundation, and even as the charity's role, size, and name have changed over the years, he has maintained an outsize personality association with the brand.It's a delicate time for the charity, as this weekend it hosts its signature event, the Team Livestrong Challenge in Austin, which began as the Ride for the Roses and is the largest single fundraiser it holds. A number of top cyclists, including RadioShack's Jens Voigt, Ben King, and Matt Busche, as well as Bontrager Livestrong's Joe Dombrowski and director Axel Merckx, were scheduled to attend. (As of publication of this post, Livestrong spokeswoman Katherine McLane had not responded to an email request for comment about whether Armstrong still planned to be present for the weekend's events, and whether and how his role there might change now that he is no longer chairman. I'll update this post with any information from Livestrong.)Further problems loom. Both the London Sunday Times and SCA Promotions are said to be considering lawsuits to recover past payouts to Armstrong the Sunday Times from a near million dollar settlement in a libel case, and SCA Promotions from an arbitration dispute over an insurance contract on performance bonuses. The total liability for Armstrong in the SCA case is in excess of $12 million. He could also face perjury charges in both instances. attorney's office for the Nike Huarache Ultra Run Black

Air Huarache Black

Air Huarache Black

Air Huarache Black

government (with a hefty prize for Landis as primary whistle blower) over the Postal Service sponsorship, which totaled almost $32 million from 2001 to 2004 alone.Those potential liabilities come even as Armstrong's own revenue streams are at risk of drying up.Armstrong'sremaining endorsement deals include Johnson Fitness, 24 Hour Fitness, and Oakley.RadioShack told The Wall Street Journal today that it had "no current obligations" for Armstrong, with Air Huarache All Black

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