Nike severs ties with Lance Armstrong
CNN) -- Former pro cyclist Lance Armstrong announced Wednesday he will step down as chairman of the Livestrong cancer charity he founded, a week after an anti-doping group released what it said was evidence that he used banned substances while competing. The move comes the same day that Nike announced it was ending its endorsement contract with Armstrong amid "seemingly insurmountable evidence" that he participating 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 group's website.
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Lance Armstrong resigns as chair of Livestrong cancer charity - CNN.com
CNN) -- Former pro cyclist Lance Armstrong announced Wednesday he will step down as chairman of the Livestrong cancer charity he founded, a week after an anti-doping group released what it said was evidence that he used banned substances while competing. The move comes the same day that Nike announced it was ending its endorsement contract with Armstrong amid "seemingly insurmountable evidence" that he participating 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 group's website.
more
Lance Armstrong resigns as chair of Livestrong cancer charity - CNN.com
