Armstrong steps down as Livestrong chairman, Nike also cuts ties
AUSTIN, Texas (AP) - Lance Armstrong stepped down as chairman of his Livestrong cancer-fighting charity on Wednesday and Nike severed ties with him as fall-out from the doping scandal swirling around the cyclist escalated.
He announced his move at the charity in a statement. Within minutes, Nike said that it would end its relationship with him "due to the seemingly insurmountable evidence that Lance Armstrong participated in doping and misled Nike for more than a decade".
Nike said it will continue to support Livestrong.
The United States Anti-Doping Agency (Usada) released a massive report last week detailing allegations of widespread doping by Armstrong and his teams when he won the Tour de France seven consecutive times from 1999 to 2005.