On a damp morning in mid-January, Michel Thetaz’s shaved legs churned the pedals of his Scott Sports carbon fiber bike down a Majorca road. The Swiss millionaire was at the Spanish vacation destination for a three- day business trip.
Swiss cycling’s governing body withdrew its support for the re-election bid of Pat McQuaid, the president of the sport’s world ruling body, to avoid a possible 100,000 Swiss-franc ($109,000) legal challenge.
Cycling’s ruling body is prepared to spend 3 million Swiss francs ($3.3 million) on an inquiry into how it oversaw doping controls during Lance Armstrong’s career, a probe that includes a former war crimes investigator.
Lance Armstrong, the seven-time Tour de France cycling winner stripped of his titles on charges he cheated, has resigned from the board of the Livestrong Foundation, the charity he began 15 years ago after testicular cancer nearly ended his career.
Cycling’s top official said he opposes the so-called World Series Cycling project that was aiming to generate more revenue by holding races in Asia, South America and the U.S., and he’ll look for other ways to support professional teams financially.