I was just a rider on the team, says Armstrong

CHAMBERY, France, (Reuters) – Seven-times Tour de  France champion Lance Armstrong said yesterday he had not  owned a stake in the company behind the U.S. Postal team at the  time under scrutiny by American investigators.

“It was not my company, I didn’t have a position, I didn’t  have an equity stake, I didn’t have a profit stake, I didn’t  have a seat on the board. I was a rider on the team. I can’t be  any clearer than that,” Armstrong said.

The New York Times reported on Tuesday that officials were  issuing grand jury subpoenas to witnesses as part of an  investigation into alleged fraud and doping.

Investigators were particularly interested in the people who  financed the squad sponsored by the U.S. Postal Service and  owned by a company named Tailwind Sports, the newspaper said.

“When the Postal Services were sponsors of the team I was a  rider on the team,” Armstrong told reporters before the 10th  stage of the Tour de France.

“I was a rider on the team that was contracted to Tailwind  Sports. I never had any dealing, any dealings with the Postal  Services. Zero.

“There is a lot of information out there and being somebody  that knows the situation probably better than anybody else, it’s  not very accurate,” the American added.

“I think the most glaring thing is this misperception that I  was the owner of the team. That’s completely untrue.”

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