Lance Armstrong Steps Down as Chair of Livestrong Charity
Doping scandal also costs former pro cyclist major Nike endorsement
Things went from bad to much, much worse for the man once considered possibly the greatest athlete in the world.
Former seven-time Tour de France winner Lance Armstrong announced Tuesday that he would be stepping down as chairman of the Lance Armstrong Foundation, better known as Livestrong, the organization he founded in 1996 to raise money for cancer research. On the same day, Nike announced it was ending its endorsement contract with the former professional cyclist, CNN reported.
All of this comes one week after the U.S. Anti-Doping Agency released evidence that they said proves Armstrong used performance-enhancing substances while competing. The Anti-Doping Agency has stripped him of his seven tour championships and banned him from competition for life.
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Nike said that it had seen "seemingly insurmountable evidence" that Armstrong participated in doping.
Armstrong, who will remain on Livestrong's board of directors, said his decision was made to "spare the foundation any negative effects as a result of controversy surrounding my cycling career," according to a statement posted to the Livestrong blog.
"My family and I have devoted our lives to the work of the foundation and that will not change. We plan to continue our service to the foundation and the cancer community. We will remain active advocates for cancer survivors and engaged supporters of the fight against cancer," Armstrong said.
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