How Lance Armstrong Profited From Livestrong
It built his brand, and in a few cases its deals raised eyebrows
By Kevin Spak, Newser User
Posted Jan 14, 2013 9:42 AM CST
Bike riders begin their 100 mile ride at the Livestrong Challenge Austin bike ride, Oct. 21, 2012, in Austin, Texas.   (AP Photo/Michael Thomas)

(Newser) – When Lance Armstrong survived his bout with testicular cancer, agent Bill Stapleton saw an opportunity. "Lance isn't just a cyclist anymore," he said at the time. "Because of the cancer … he's on the verge of being a crossover-type spokesman." Stapleton, who works with Capital Sports & Entertainment, helped form the Livestrong charity to bolster that brand, and ever since Armstrong's business interests have been tied closely to the foundation's, the New York Times reports.

Since 2010, Livestrong has paid $423,000 in fees to Capital Sports, which is notable because Armstrong isn't just a Capital client, he's also a minority shareholder. There have also been numerous instances of Livestrong striking deals that appeared to benefit Armstrong or his associates, like the time the charity sold the right to use its name to Bristol-Myers Squibb, which also hired Armstrong as a spokesman. In another more controversial instance, Demand Media hired Armstrong as a spokesman, then struck a deal to develop a for-profit Livestrong site. "There was a conflict. I felt there was," says one former Livestrong executive. For the Times' full piece, click here.

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Showing 3 of 10 comments
Fatquah
Jan 15, 2013 11:52 AM CST
Lying scumbag is as lying scumbag does.
Mad
Jan 14, 2013 2:30 PM CST
It all comes down to Oprah. If he stays 'strong' and denies the charges - I've got his back. If he admits to doping - then fuck him forever.
rodzzz
Jan 14, 2013 11:22 AM CST
There is a preview of the interview at http://sorrysods.com