Armstrong steps down from charity; Nike drops sponsorship – Yahoo! News

Armstrong steps down from charity; Nike drops sponsorship – Yahoo! News.

Lance Armstrong From Hero to Zero-Nader_Nazemi

Lance Armstrong From Hero to Zero …

From Hero to Zero … 

(Reuters) – Lance Armstrong has stepped down as chairman of the cancer charity he founded, Livestrong, after U.S. anti-doping officials issued a scathing report detailing his use of performance-enhancing drugs for years as one of the world’s premier cyclists, the foundation said on Wednesday.

Separately, one of his main corporate sponsors, Nike Inc., said it was ending its sponsorship of Armstrong.
“To spare the foundation any negative effects as a result of controversy surrounding my cycling career, I will conclude my chairmanship,” Armstrong said in a statement.
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