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Dear UCI,now that you're about to lose an assload of money....

Discussion in 'Downhill & Freeride' started by SCARY, Jan 15, 2013.

  1. SCARY Not long enough

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    I need more of these green square things^^
    You might want to start supporting the red headed stepchild of cycling.

    I guarantee the only thing you gotta test for is alcohol,weed and for me..a whole lotta ibuprofen.

    Gonna watch it all burn!
    #1
  2. Spinning Lizard New Member

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    Yep, get the popcorn ready.

    FYI - if you love me like a brother I am screwed.
    #2
  3. SCARY Not long enough

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    I need more of these green square things^^
    LOL

    make up an ideal brother,and I love you like that.
    #3
  4. SuspectDevice New Member

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    Reams of hilarious sh$t are going to go down soon with USAC as well. I give them about 14 months.

    I can't see the current USAC administrators lasting through the year, personally.
    #4
  5. kidwoo Celebrating No-Pants Day

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    What's a UCI?


    I'm a mountainbiker so I genuinely have no idea.
    #5
  6. William42 Active Member

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    University of California, Irvine. Apparently they are about to lose a lot of money.
    #6
  7. General Lee New Member

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    It's when you've spent all day in your chamois and then it hurts when you pee
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  8. General Lee New Member

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    The UCI? These are the guys who got snowballed by Rockyroad despite overwhelming evidence it was a scam job. Corruption or stupidity aside, it says something about just how many f*cks they don't give about DH racing.
    #8
  9. jonKranked Press Button, Receive Stupid

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    they wouldn't care about road racing if it didn't make them buttloads of money. pat mcquaid is pretty much the king of the muppets.
    #9
  10. Pslide New Member

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    It sounded like Armstrong was going to start naming names, I guess that's what you guys are referring too.

    Does anyone know what channel the interview will be broadcast on? Don't tell me it's the Oprah network... I don't even get cable, cancelled that crap a year ago.
    #10
  11. jonKranked Press Button, Receive Stupid

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    Yea it's the Oprah network.

    Also

    #11
  12. Pslide New Member

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    Why would one choose to come clean on...Oprah?

    Maybe he felt that she might be the only person that wouldn't reach over and strangle him to death mid-interview. Or maybe he wants to tap that?
    #12
  13. Jim Mac Active Member

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    One word: re-numeration.
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  14. BigBoi Member

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    Why Oprah? I would guess he's getting a lot of money. Seeing as all his endorsements are gone and he is facing multiple lawsuits, I would assume that money is no longer in great supply.
    #14
  15. SCARY Not long enough

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    I need more of these green square things^^
    Ha ha ha!
    Ah,that's my kinda humor.
    #15
  16. kidwoo Celebrating No-Pants Day

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    I heard it went a little differently than everyone expected.

    #16
  17. General Lee New Member

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    With a net worth of aprox $125 million, he's got a bit of a cushion even if he has to pay back $12 mil or so in prize money/bonuses and fight a few more lawsuits down the road.

    From Velonews: "A spokeswoman for Winfrey insisted Wednesday no question would be off limits and Armstrong would not be paid for a 90-minute interview that is due to air on January 17."

    Why Oprah: http://velonews.competitor.com/2013...naged-armstrong-interview-with-winfrey_270837
    Last edited: Jan 16, 2013
    #17
  18. motomike Active Member

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  19. Pslide New Member

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    Question is, if this whole scandal brings down the UCI, will I love or hate Armstrong?

    Two things I do know:

    Trek should bring back the Lemond brand.
    Trek should make a farewell video for Gwin.
    #19
  20. SuspectDevice New Member

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    Trek f#cked Lemond hard. They have parted ways.
    I know there are a couple of semi-shuttered bike factories in the USA that would love to build some bikes for his brand though...
    #20
  21. aaronjb Member

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    You're way off base with the $125 million figure. I'd say he's $20 million liquid, and that he's highly leveraged. His finances are a complete mess based on how he's moved money and property in the past 18 months - and that's just the transactions which are public. He was already in a tough spot before the 2009 comeback.

    Sure, he'll never be in the poor house. It's just that the $120+ million figure that's bandied about is far from accurate. You seem like a level-headed guy. Don't buy into the hype.

    Cash flow and liquidity are his primary issues at the moment, particularly as he burns through an estimated $500k/month in legal fees.
    Last edited: Jan 16, 2013
    #21
  22. aaronjb Member

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    Also, yeah, if Armstrong does dish on the UCI and is truly open, then they're done. The breakaway organization will move forward with full IOC support at that point.
    #22
  23. jonKranked Press Button, Receive Stupid

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    Not just uci, but WADA too. Which would mean this has implications well beyond cycling.
    #23
  24. wood booger Member

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    More like his last nut has fallen off and he is a full on woman now.
    #24
  25. BigBoi Member

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    I think you hit the nail on the head, highly leveraged. When your income of several $million per year stops, your liabilities don't just go away. And I'm guessing his liabilities are several $million per year as well. Sprinkle in a few lawsuits and the need for a full time security team and you suddenly have to change your lifestyle drastically AND go on Oprah.
    Last edited: Jan 16, 2013
    #25
  26. Spinning Lizard New Member

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    Also looks like he trying to cut a deal with Feds. They are going after a drug trafficking charge which carries a min of a 2 year jail sentence. USA Cycling is in this too. You know Bruynell is walking around in depends right now.

    This will be great entertainment, probably better then most of the actual racing this year.
    #26
  27. Spinning Lizard New Member

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    Can you add a poll to this thread? How many of you bet he cries? I think he does but they are fake.
    #27
  28. aaronjb Member

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    The federal investigation was shuttered last year with the help of Bill Clinton and Nancy Pelosi. It's unlikely (impossible?) that Birotte's office would reopen that case.

    The open avenue now will be the Qui Tam case that Landis initiated.
    #28
  29. Spinning Lizard New Member

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    Will try to find the link. Thought I read it on Velonews this morning, but I have not been able to locate it.

    This is nice summary so far though - http://velonews.competitor.com/2013...ment-recommends-joining-armstrong-suit_271482
    #29
  30. norbar Active Member

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    Net worth isn't your liquid assets.
    #30
  31. jonKranked Press Button, Receive Stupid

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    Rumor I heard is that the doj is pushing for the federal case to be reopened, especially if he perjured himself (even if they can't specifically go after him for perjury)

    Especially considering no reason why the case was shut was ever made public.
    #31
  32. NoUseForAName New Member

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    I think you mean remuneration.
    Last edited: Jan 16, 2013
    #32
  33. Jim Mac Active Member

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    Thanks! yes.
    #33
  34. IH8Rice I'm Mr. Negative! I Fail!

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    Im over here now
    itll be streamed on her propaganda, i mean website
    #34
  35. rpet Active Member

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    ****yeahgreglemond ?
    #35
  36. MinorThreat Active Member

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    Naw, renumeration: I restarted the post-count from when it was said. Yours was #20.
    Last edited: Jan 16, 2013
    #36
  37. jonKranked Press Button, Receive Stupid

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    you're both wrong. It's "reparations"
    #37
  38. jonKranked Press Button, Receive Stupid

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  39. SuspectDevice New Member

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  40. SuspectDevice New Member

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    Last edited: Jan 17, 2013
    #40