Former UCI Head Defends Money Link To Lance Team

By: Associated Press Email
By: Associated Press Email
Hein Verbruggen tells The Associated Press it is "cynical" for U.S. Anti-Doping Agency CEO Travis Tygart to suggest the business relationship "stinks to high heaven."

UCI International Cycling Union Logo

WENGEN, Switzerland (AP) - The International Cycling Union's honorary president says there was no conflict of interest when he invested in a brokerage account later linked to Lance Armstrong's team owner.

Hein Verbruggen tells The Associated Press it is "cynical" for U.S. Anti-Doping Agency CEO Travis Tygart to suggest the business relationship "stinks to high heaven."

Verbruggen confirms details published by The Wall Street Journal of his investment with broker Jim Ochowicz from 1999-2004. Verbruggen was UCI president from 1991-2005.

The Dutchman says, "I have given Jim a small amount of money to manage for me, and he moved to (work for) Thom Weisel" in 2001.

Ochowicz managed the Motorola team Armstrong rode for in the mid-90s. Weisel owned the team sponsored by U.S. Postal Service when Armstrong won several Tour de France races.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KOLO-TV 4850 Ampere Drive Reno, NV 89502
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 187321021 - kolotv.com/a?a=187321021