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Armstrong, SCA Promotions settle, says British paper

The Sunday Times reports that Armstrong and SCA Promotions have reached a multimillion-dollar settlement

LONDON (AFP) — Lance Armstrong has paid out more than $10 million in a settlement to Bob Hamman and his SCA Promotions company, a British newspaper reported Sunday.

Armstrong sued Hamman, an American professional bridge player, in 2004 after SCA withheld a payment of $5 million to the cyclist, citing doping allegations, the Sunday Times reported. The company was made to pay the Texan $7.5 million, on top of an earlier payment of $4.5 million.

But with Armstrong having admitted to serial doping offenses in 2013 and been stripped of his seven Tour de France titles, the two parties have now reached a settlement.

The Sunday Times said “both parties have agreed not to publicly discuss the terms of the settlement.”

Armstrong, 44, and the former owners of his Tailwind Sports team are also facing a case instigated by the U.S. Justice Department that could cost him as much as $90 million.