Lance Armstrong's Tour de France return helps boost ASO turnover by €30 million

Texan's decision to come out of retirement boosted TV figures and persuaded sponsors to renew

by Simon_MacMichael   December 15, 2010  

Lance Armstrong on new TT bike, Tour de France 2009 (Photosport Intl)

Whatever your opinion of him, there’s no arguing that over the past decade or so, the Lance Armstrong effect has boosted the profile of cycling globally and brought unprecedented amounts of money into the sport. Just how much is open to debate, but it has been revealed that the Texan’s return to the Tour de France in 2009 was a big factor in Tour de France organisers ASO increasing their turnover by €30 million that year.

According to the financial news provider Bloomberg, 2009 accounts filed by Amaury Sports Organisation (ASO) state that the return from retirement of Armstrong, who dominated the race between 1999 and 2005, winning it seven times in a row, helped persuade sponsors including Skoda and Orange to renew their sponsorship agreements – no mean feat, given the previous autumn’s global financial meltdown.

The 2009 race, which saw a bitter rivalry develop between Armstrong, who finished third, and Astana team mate Alberto Contador, who went on to win, increased its global television audience figures by 10%, according to documents filed by the privately owned business at the company registry in Nanterre.

Sales from ASO’s sports events – besides the Tour and other cycle races such as Paris-Roubaix, Patis-Nice and more recent arrivals such as the Tour of Qatar, the company also organises events such as the Paris-Dakar rally and the Paris Marathon – rose 20% to €145.2 million, says Bloomberg, while net income eased 1.2% to €31.8 million.

While Armstrong insisted his decision to come out of retirement wasn't motivated by financial considerations and was designed instead to raise the profile of his Livestrong charity, ASO are happy to reap the rewards.

“The Armstrong-Contador duel was certainly not irrelevant to the success” of the Tour de France, the company acknowledged in its accounts, adding that the race “slightly” exceeded its financial targets.

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Gutted he wont be in the TdF next year TBH Sad

posted by shrinkinbggaz [117 posts]
15th December 2010 - 13:39

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Sounds like the headline came before the story.

Quote:
Sales from ASO’s sports events – besides the Tour and other cycle races such as Paris-Roubaix, Patis-Nice and more recent arrivals such as the Tour of Qatar, the company also organises events such as the Paris-Dakar rally and the Paris Marathon – rose 20% to €145.2 million, says Bloomberg, while net income eased 1.2% to €31.8 million.

...so income is going up despite these events containing 0% Lance? And were the 2006, 2007, 2008 Tours a financial disaster? I don't think so. Cycling doesn't need this nasty old throwback and it's perfectly capable of doing well without his toxic presence.

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posted by Chuffy [183 posts]
15th December 2010 - 17:20

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It's what's called a 'love, hate,' relationship.

antonio

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posted by antonio [937 posts]
16th December 2010 - 10:55

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I know for a fact that one of my parents would have tested positive for EPO or similar having undegone extensive chaemo treatment for a couple of years after being operated on for cancer.....

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posted by TwiggyHo [60 posts]
16th December 2010 - 11:03

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