When Lance Armstrong was dominating his doped-up competitors in the Tour De France, everyone was in the Lance Armstrong business. His charity, Livestrong, raked in serious money for cancer research, he raked in serious money as a spokesman, and everything was going great. However, since Lance Armstrong has stopped fighting USADA’s doping charges, after an initial burst of support from fans and well-wishers, things have taken a turn for the worse. Lance Armstrong is quitting as chairman of Livestrong.
“This organization, its mission and its supporters are incredibly dear to my heart,” the cancer survivor said in a statement. “Today therefore, to spare the foundation any negative effects as a result of controversy surrounding my cycling career, I will conclude my chairmanship.”
In addition to leaving Livestrong, Armstrong has also lost pretty much all of his sponsors. Nike has dropped him very publicly; also dropping Armstrong are Anheuser-Busch, Honey Stinger, Trek Bikes, and some others. Oakley will retain Armstrong, for now. Jeff Garvey will become Livestrong chairman; Garvey was the charity’s founding chairman in 1997. Armstrong will remain on the 15-member Livestrong board.
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