Thanks for watching NewsBreaker on!

8 Million What?! Another Live Jump Record

More from Ora: 8 Million What?! Another Live Jump Record

Lance Armstrong Quits Livestrong

NewsBreakerOct 17 '12

From Los Angeles Times: Lance Armstrong said Wednesday he is stepping down as chairman of his Livestrong cancer-fighting charity so the group can focus on its mission instead of its founder's problems. Armstrong's problems continued as Nike Inc. said it ended its contract with the cyclist after a report from theU.S. Anti-Doping Agency detailing his alleged use of performance-enhancing substances. The moves came a week after the U.S. Anti-Doping Agency released a massive report detailing allegations of widespread doping by Armstrong and his teams when he won the Tour de France seven consecutive times from 1999 to 2005. The document's purpose was to show why USADA has banned him from cycling for life and ordered 14 years of his career results erased — including those Tour titles. It contains sworn statements from 26 witnesses, including 11 former teammates. Armstrong, who was not paid a salary as chairman of the Lance Armstrong Foundation, will remain on its 15-member board. His duties leading the board will be turned over to vice chairman Jeff Garvey, who was founding chairman in 1997. “This organization, its mission and its supporters are incredibly dear to my heart,” Armstrong said in a statement obtained by The Associated Press. “Today therefore, to spare the foundation any negative effects as a result of controversy surrounding my cycling career, I will conclude my chairmanship.” Foundation spokeswoman Katherine McLane said the decision turns over the foundation's big-picture strategic planning to Garvey. He will also assume some of the public appearances and meetings that Armstrong used to handle. Nike, based in Beaverton, Oregon, announced its decision in a statement on its website. Nike said it would continue to support Livestrong initiatives to help people affected by cancer. “Due to the seemingly insurmountable evidence that Lance Armstrong participated in doping and misled Nike for more than a decade, it is with great sadness that we have terminated our contract with him,” the company said. “Nike does not condone the use of illegal performance enhancing drugs in any manner.” Armstrong strongly denies doping, but did not fight USADA accusations through arbitration, saying he thinks the process is unfair. Once Armstrong gave up the fight in August and the report came out, crisis management experts predicted the future of the foundation, known mainly by its Livestrong brand name, would be threatened. They said Armstrong should consider stepping down to keep the charity from getting dragged into a debate over doping. Armstrong's inspiring story of not only recovering fromtesticular cancer that had spread to his lungs and brain but then winning the world's best-known bike race helped his foundation grow from a small operation in Texas into one of the most popular charities in the country. Armstrong drew legions of fans — and donations — and insisted he was drug free at a time when doping was rampant in professional cycling. In 2004, the foundation introduced the yellow “Livestrong” bracelets, selling more than 80 million and creating a global symbol for cancer awareness and survivorship. “As my cancer treatment was drawing to an end, I created a foundation to serve people affected by cancer. It has been a great privilege to help grow it from a dream into an organization that today has served 2.5 million people and helped spur a cultural shift in how the world views cancer survivors,” Armstrong said. As chairman, Armstrong did not run the foundation's day-to-day operations, which are handled by Livestrong president and chief executive Doug Ulman. Ulman had said last week that Armstrong's leadership role would not change. Armstrong's statement said he will remain a visible advocate for cancer issues, and he is expected to speak at Friday night's 15th anniversary gala for Livestrong in Austin.