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Lance hit with massive fine

Lance Armstrong has been fined $10million for lying about his use of performance-enhancing drugs following an arbitration panel hearing into his case with SCA Promotions.

Dallas-based SCA Promotions was forced to pay Armstrong $7.5m in 2006 after an arbitration process over disputed payments relating to his seven Tour de France victories. However, Armstrong has since admitted to doping in all seven of his Tour wins and was found to have lied in proceedings, leading to the payout.

A statement from SCA Promotions read: "The 10 million-dollar award, which must be paid directly to SCA Promotions, is believed to be the largest award of sanctions assessed against an individual in American judicial history."