Armstrong steps down as Livestrong chairman, Nike terminates contract
Zeenews Sports Bureau
New York: Disgraced cyclist Lance Armstrong stepped down on Wednesday as chairman of Livestrong, the cancer-fighting charity, in a fallout of the doping scandal swirling around the famed cyclist.
The 41-year-old had launched the charity in 2003 to help patients suffering from the disease.
In another development, Nike is severing ties with Armstrong citing insurmountable evidence that he participated in doping and misled the company for more than a decade.
The clothing and footwear company announced today that it was it was ending Armstrong`s contract "with great sadness".
Nike Inc however said it will continue to support the initiatives of Livestrong, a cancer non-profit organization.
Both developments took place as the International Cycling Union (UCI) faced growing pressure to reveal how the seven-time Tour de France champion had been able to escape detection for doping for such a long period.