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Steve Peat (Santa Cruz Syndicate) is one victory away from taking the all-time lead in Downhill World Cup victories after an incredible ride at this year’s second round in La Bresse, France yesterday.

After recording his 16th victory, Peat now matches French rider Nicolas Vouilloz in World Cup wins. He has also moved into first place in the overall standings for this year’s competition.

“I’m very happy to win after such a long time, and happy to break Vouilloz’s record,” said Peat afterwards…  Details, Pictures & Video

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Lance Armstrong’s Astana team must straighten out its financial crisis by May 31 or risk being suspended.

Astana team manager Johan Bruyneel said Monday that the International Cycling Union sent a warning letter to Kazakhstan’s cycling federation.

“That’s the deadline to arrange the whole financial situation. If it’s not taken care of by then, the letter says that the team will be suspended,” Bruyneel said. “At least we’re going to be able to finish the Giro.”

The Giro d’Italia, which Armstrong is racing for the first time, ends May 31 …  Details

Former world cycling champion Tom Boonen drew a heavy fine from his team on top of his indefinite suspension after testing positive for cocaine a second time. His actions could keep him from the Tour de France.

The Belgian failed the drug test last month. He will enter therapy and be allowed to stay with the Quick Step team, which will announce the amount of the fine later.

Tour de France organizers barred him last year after his first positive test and are expected to decide shortly on his status for this summer’s race.

“At issue is an occasional use of cocaine, triggered by certain situations during leisure time …  Details