Archive for October 18th, 2012

October 18, 2012

Update: Lance Armstrong Resigns as Chairman of LIVESTRONG Foundation

October 2012 has not been a good month for Lance Armstrong, the former cycling champion.

The United States Anti-Doping Agency released more than 1,000 pages of evidence resulting from its doping investigation of Armstrong. CNN has reported: “Evidence of Armstrong doping ‘overwhelming,’ agency says.” CNN also provided “Highlights of the Armstrong report.

Following the release of the USADA evidence, Nike and Anheuser-Busch announced they would not be continuing their endorsement relationships with Armstrong. However, both companies expressed their intentions to continue support of The LIVESTRONG Foundation.

As the doping controversy intensified, Armstrong made the decision to step down as Chairman of The LIVESTRONG Foundation though he will continue to serve on the board. You can read the official statement from LIVESTRONG and Armstrong here.

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