On the same day that Nike terminated its sponsorship agreement with him, Lance Armstrong announced that he would "conclude" his Livestrong chairmanship.
Despite the fact that his charity has raised nearly half a billion since its inception 15 years ago, Armstrong has come under heavy fire as of late for allegedly doping throughout his cycling career. Even though he's never actually tested positive for anything, Armstrong has had numerous former teammates step forward and acknowledge that he did indeed use illicit substances to enhance his performance.
USADA compiled those testimonies and assortment of other evidence in a report they released a few weeks back.
Realizing that the public’s increasingly negative perception of him may hurt the Livestrong’s incoming contributions, Armstrong released this statement today:
"This organization, its mission and its supporters are incredibly dear to my heart," Armstrong said (via the Los Angeles Times). "Today therefore, to spare the foundation any negative effects as a result of controversy surrounding my cycling career, I will conclude my chairmanship.
"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.
"My family and I have devoted our lives to the work of the foundation and that will not change. We plan to continue our service to the foundation and the cancer community. We will remain active advocates for cancer survivors and engaged supporters of the fight against cancer.”
For what it’s worth, Armstrong continues to maintain that he never participated in doping of any sort.
(Kudos Los Angeles Times)