Following the long-anticipated release of the United States Anti-Doping Agency's lengthy report last week that detailed allegations of doping, Lance Armstrong has announced that he is stepping down as chairman of Livestrong, the cancer-fighting charity he founded in 1997. Armstrong has been a vocal leader of the non-profit, which also goes by the Lance Armstrong Foundation (LAF), for the past 15 years, but decided to distance himself so that "it can focus on its mission instead of its founder's problems," according to the Associated Press. Minutes later, Nike Inc. announced that it is terminating its contract with Armstrong. "Nike does not condone the use of illegal performance enhancing drugs in any manner," a statement read. "Nike plans to continue support of the Livestrong initiatives created to unite, inspire, and empower people affected by cancer."
Via Associated Press