Armstrong will race in Tour de France
LANCE Armstrong will race in the Tour de France after his Astana team provided financial guarantees, allowing them to retain their licence.
RELIEF: Seven times Tour de France winner Lance Armstrong will compete in next month's Tour de France, which starts in Monte Carlo
World governing body UCI had threatened to pull the Kazakh team's competition licence after wages went unpaid.
The Astana team receives most of its financial support from Kazakh state holding company Samruk-Kazyna and was launched in 2006.
However, team officials have no provided bank guarantees and were allowed to start this week's Tour of Luxembourg.
"Astana have shown sufficient financial guarantees to continue racing," said a UCI spokesman
"Astana has respected the deadline set for them but we will follow the situation very closely."
Armstrong is not paid by the team but star rider included former Tour de France winner Alberto Contador, Andreas Kloden and Levi Leipheimer.