By Brett Stolpestad
Lance Armstrong, caught in the middle of a massive doping scandal that he and his teammates are accused of taking part in, is stepping down as chairman from his cancer foundation, Livestrong, the New York Times reported.
Armstrong announced Wednesday that he will be stepping down as the chairman of the Livestrong Foundation after the United States Anti-Doping Agency publicly revealed evidence against him and his teammates in a widespread doping scandal, the New York Times reported.
Armstrong's deal with Nike will also be terminated after the USADA's evidence was released. However, Nike will continue to support the Livestrong Foundation, the Washington Post reported.
Nike, a company that has stood by several defamed athletes before and that had defended Armstrong through years of accusations, decided to terminate their contract with Armstrong saying that they had been misled for over a decade, the Washington Post reported.
Armstrong said that he stepped down as chairman in order "to spare the foundation any negative effects as a result of controversy surrounding my cycling career." the New York Times reported.
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