Landis nearly bankrupt?

American cyclist Floyd Landis, who is facing antidoping hearings in both the US and in France, has...

American cyclist Floyd Landis, who is facing antidoping hearings in both the US and in France, has lost nearly $10 million (US) in the fight to clear his name of charges that he used testosterone during the 2006 Tour de France, according to the Bloomberg news agency. Landis, who has repeatedly asserted his innocence, faces a two year sanction and a four year ban from riding for a ProTour team if he is found guilty of doping violations.

Landis has been criss-crossing the United States, making appearances in order to try and raise money for his defence with the help of an organisation called the Floyd Fairness Fund. The fund has raised close to $500,000, according to Landis spokesperson Michael Henson, speaking at the Tour de Georgia last week.

According to the article, his legal expenses have already reached $1 million, and with $3 million lost with his terminated Phonak contract, and $2 million in lost endorsements along with nearly $4 million in prospective sponsorships, his losses have reached eight figures. He also stands to lose €600,000 in Tour de France prize money, currently frozen, which he will forfeit if he loses his case.

Landis' arbitration hearing with the US Antidoping Agency (USADA) is scheduled for May 14, and while his legal team requested the date be moved to a later date after receiving word that further tests on his Tour de France urine samples revealed additional traces of synthetic testosterone, no revised date has been announced.

Cyclingnews' coverage of the Floyd Landis case

September 28, 2008 - Landis takes case to US federal court
September 10, 2008 - Landis signing with current Health Net-Maxxis team for 2009
July 1, 2008 - CAS delivers final blow to Landis legal challenge
June 30, 2008 - Landis loses final appeal
June 28, 2008 - Landis decision due Monday
March 12, 2008 - Landis' judgment day nears
October 21, 2007 - Landis files appeal with CAS
October 18, 2007 - AFLD takes another look at Landis case
Thursday, October 11 - Landis continues fight, appeals to CAS
Saturday, September 22 - UCI officially names Pereiro 2006 Tour champion, Landis case raises issues
Friday, September 21 - Landis' appeal denied, two year suspension levied

Cyclingnews' complete coverage of the Floyd Landis case

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