Lance Armstrong Stepping Down As Livestrong Chairman

Lance Armstrong Stepping Down As Livestrong Chairman

Lance Armstrong says he’s stepping down as chairman of his Livestrong cancer-fighting charity. Armstrong is stepping down a week after the US Anti-Doping Agency released a massive report concerning allegations of widespread doping by Armstrong and his teams when he won the Tour de France.

β€˜This organization, its mission and its supporters are incredibly dear to my heart,’ Armstrong said in a statement. β€˜Today therefore, to spare the foundation any negative effects as a result of controversy surrounding my cycling career, I will conclude my chairmanship.’

Nike has also released a statement, saying the company is terminating its contract with Armstrong. It plans to continue support of the Livestrong initiatives.

Source: AP