Lance Armstrong Steps Down At Livestrong, Loses Nike Sponsorship

The doping scandal continues to disgrace the champion cyclist. In a statement, Armstrong explains that he doesn't want to bring any of his career's controversy to the cancer foundation.

Cathal McNaughton / Reuters

Cathal McNaughton / Reuters

Nike also cut ties with Armstrong Wednesday morning, explaining in a statement that it would continue to support Livestrong, but "does not condone the use of illegal performance enhancing drugs in any manner."