Weisel, who was a big financial backer of Armstrong, could be hit with lawsuits from corporate sponsors, The Times points out.

The team itself has already gotten in legal trouble that could get worse this week.

That trouble involves a lawsuit Armstrong's teammate, Floyd Landis, filed against the U.S. Postal Service Team under the False Claims Act, which allows "whistleblowers" to file suit on behalf of the federal government.

Landis claims the team defrauded the federal government by taking sponsorship money from the U.S. Postal Service while players were doping, according to the Wall Street Journal.