Armstrong Loses Sponsorships, Steps Down As Livestrong Chairman

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  • Published Oct 17, 2012
  • Updated Oct 17, 2012 at 6:16 PM UTC
Photo: Steve Godwin

Nike, Trek Bicycles, RadioShack and Giro have terminated their contracts with Lance Armstrong as the fall-out continues from the U.S. Anti-Doping Agency’s case against the Texan. Anheuser-Busch also announced that it would not renew its contract with the embattled former world champion at the end of 2012, reports.

“Due to the seemingly insurmountable evidence that Lance Armstrong participated in doping and misled Nike for more than a decade, it is with great sadness that we have terminated our contract with him,” Nike said in a statement Wednesday. “Nike does not condone the use of illegal performance enhancing drugs in any manner.”

Nike will continue working with the Livestrong Foundation. The foundation’s yellow and black-themed product range is a top seller for Nike.

“Nike plans to continue support of the Livestrong initiatives created to unite, inspire and empower people affected by cancer,” read the statement.

Armstrong on Wednesday announced that he would step down as chairman of the Livestrong Foundation.

Crowdsourced: Triathletes Welcome Armstrong After USADA Ban
– Lance Armstrong: “I Am Not Banned From Life”
– Rev3 Responds To Lance Armstrong Race Invitation
– Lance Armstrong Puts Two Triathlons On His Race Calendar
– Photos: Lance Armstrong’s Return To Triathlon
– Lance Armstrong Won’t Fight USADA Charges
– Behind The Lance Ban: A Talk With WTC CEO Andrew Messick

– Armstrong Officially Ineligible For Ironman Events
– Lance Armstrong’s Return To Triathlon: A Timeline
– Triathlon Community Reacts To Lance Armstrong News
– Lance Armstrong Faces Doping Charges From USADA

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