Floyd Landis will use the money that he got from the settlement of the whistleblower case to set up a development cycling team, he has told the Wall Street Journal. The team will be registered at Continental level and is set to begin racing next season.
Landis filed his the whistleblower suit under the False Claims Act in 2010, claiming that by doping while racing for US Postal, Lance Armstrong had defrauded the US government. Armstrong could have been liable for $100 million if the case had gone to court but settled for $5 million in April, a month before the case was set to be heard. Landis said that putting the money back into cycling gave him an element of ‘closure’.
“I’m contrite about what happened, but you can never go back and change the decisions you made. At the very least, people can see that I’m ready to move on,” he told the Wall Street Journal. “Maybe it sounds odd, but it’s kind of some closure for me.
“I have a conflicted relationship with cycling, as everybody knows, but I still like it and I still remember what it was like to be a kid, and race on a domestic team. It was some of the best years of my life.”
According to the report, Landis has been left with around $750,000 after paying off legal fees. He plans to use those funds plus money from his company Floyd’s of Leadville to support the venture. The team will be in part made up from the Canadian Silber Continental team, which has been searching for a new sponsor for 2019. Silber directeur sportif Gord Frasier, a former teammate of Landis’, will stay on as team manager.
“Floyd’s passionate about cycling,” Fraser told the Wall Street Journal. “I’d agree he’s had his ups and downs, but hopefully with this new step, he’s going to find the reason why he started racing.”
You can read more at Cyclingnews.com