Lance Armstrong Will Step Down as Chairman of Livestrong, Gets Dropped By Nike

Thumbnail image for Lance_Armstrong_Tour_de_Gruene_2008-11-01.jpg
Armstrong at 2008's Tour de Gruene
In the latest bit of fallout from the doping allegations against him, several news outlets are reporting that Lance Armstrong will step down as chairman of the Lance Armstrong Foundation, better known as Livestrong, the Austin-based cancer-fighting charity he helped found in 1997. It was also reported this morning that Nike will be terminating its endorsement deal with the cyclist.

In a statement on Livestrong obtained by the Associated Press, Armstrong said: "This organization, its mission and its supporters are incredibly dear to my heart. Today therefore, to spare the foundation any negative effects as a result of controversy surrounding my cycling career, I will conclude my chairmanship." Vice-chair Jeff Garvey will take over for him, although Armstrong will remain on the 15-member board.

The announcement comes just a week after the U.S. Anti-Doping Agency released thousands of pages detailing their allegations against Armstrong, which included testimony from 11 of his former teammates, emails, lab results, and financial records.

ESPN reports that Nike is terminating its endorsement deal with Armstrong, due entirely to the doping allegations.

In a statement to the network, a Nike spokesperson explained the termination:

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. Nike does not condone the use of illegal performance enhancing drugs in any manner. Nike plans to continue support of the Livestrong initiatives created to unite, inspire and empower people affected by cancer."

A source also tells ESPN that Nike will be changing the name of its Lance Armstrong Fitness Center building, located at Nike headquarters in Beaverton, Ore.

In 2010, the most recent year for which its IRS filings are available, Livestrong brought in more than $42 million in revenue, including $16 million in donations and grants.

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34 comments
chasd00
chasd00

If he hadn't given up fighting the allegations would this still be news? I mean if the evidence was conclusive and an open and shut case why then did it take him saying he's going to give up fighting the charges for them to stick?

Myrna.Minkoff-Katz
Myrna.Minkoff-Katz topcommenter

So Armstrong used steroids.  His detractors drink booze, smoke weed, do cocaine, and take Oxycontin.  Let he who is without sin...

ThePosterFormerlyKnownasPaul
ThePosterFormerlyKnownasPaul topcommenter

One more reason why I don't follow professional sporting events ... my opinion and my choice ... you know its that free market thing ...

ChrisYu
ChrisYu

Nlke will however continue to endorse philandering athletes and help with child support payments

gmit
gmit

Atheletes as heroes and corporations as charitable givers is equally asinine 

scottindallas
scottindallas topcommenter

What Lance earn as Chairman?  What will he earn as a board member.  This charity, as many like Komen and others are a way for the wealthy to shield their income from taxation and to pay themselves an income over many, many years.  I don't know how well Livestrong is run, but the dynamic that I describe is VERY real

steve.sandwich
steve.sandwich

At least he was honest in his book, because it really wasn't About The Bike.  #DouchebagOfTheHighestOrder

oakclifftownie
oakclifftownie

I guess giving ones Left or Right NUT to do something doesn't hold the value it once did ?

nffcnnr
nffcnnr

LOLcheater RT @Dallas_Observer Lance Armstrong Will Step Down as Chairman of Livestrong, Gets Dropped By Nike http://t.co/lLCKBzqS

chrisdillon808
chrisdillon808

@Dallas_Observer Let the fraud lawsuits begin...

clevertrousers
clevertrousers

@Myrna.Minkoff-Katz nope, that's not a whitewash, is it?

PrestonHoller
PrestonHoller

 @Myrna.Minkoff-Katz I'm an Armstrong detractors and I drink booze all the time.  However, I don't vigorously deny drinking booze in press conferences; claim that I have never had an booze; violate ICU rules when I drink booze; wrap myself up in the cloak of I'm-a-cancer-survivor-therefore-I'd-never-put-booze-in-my-body; go around soliciting millions of dollars in contributions to my non-profit with the message of "I'm a cancer survivor and accomplished one of the great sports feats in history while being totally clean without booze"; and I've never threatened legal action against someone who claimed to expose the booze use I've denied.

 

Not only is Armstrong a fraud, he's an a$$hole.  Other racers have come out and admitted their use.  He is getting everything he deserves.

ScottsMerkin
ScottsMerkin topcommenter

 @Myrna.Minkoff-Katz POW,  And now he is just like every other cyclist on Tour at the time.  a proven doper.  Congrats, he just happened to be the best doper on the Tour LOL

Anna_Merlan
Anna_Merlan

 @scottindallas He didn't earn a salary as chairman. None of the trustees on the board reported any compensation at all. The CEO and CFO both make over $300,000 a year apiece, and the salaries for several other top employees are pretty hefty. But from the IRS filing, Armstrong doesn't appear to have been making money from this. 

ScottsMerkin
ScottsMerkin topcommenter

 @scottindallas I will assume Livestrong is ran extremely well considering Nike isnt backing away from it and they got an MLS club to have them sponsor a stadium.  And from reports Ive read they have given hundreds of millions towards cancer research

GuitarPlayer
GuitarPlayer

 @scottindallas You would be surprised how much the CEO of the American Heart Association makes. It's really disgusting. 

ScottsMerkin
ScottsMerkin topcommenter

 @GuitarPlayer why?  at the time I defended him, there was no hard evidence and only ax grinders spouting off shit.  Now, not so much,  its no sweat off my shoulders.  Thats ok, we will mark this win up for the fire breathers and ranters who only need heresy to argue

clevertrousers
clevertrousers

@ScottsMerkin @GuitarPlayer yes, I suppose you will..

GuitarPlayer
GuitarPlayer

 @ScottsMerkin "at the time I defended him, there was no hard evidence and only ax grinders spouting off shit."------I knew he doped from the start. And there was plenty of evidence before, I wasn't flipping a coin and guessing, you just ignored it because it didn't fit your narrative. 

scottindallas
scottindallas topcommenter

 @ScottsMerkin yeah, that really sucks that spell check isn't prescient.  I'm not knocking you, lord knows (noes) that I have my fair share.

ScottsMerkin
ScottsMerkin topcommenter

 @scottindallas  funny, I had a couple of good ones yesterday, spell check only works if you actually misspell the word

GuitarPlayer
GuitarPlayer

 @ScottsMerkin  You are the Frank Burns of Unfair Park. Proving you wrong is very satisfying.  -  lol 

ScottsMerkin
ScottsMerkin topcommenter

 @pepperbombisgood  @GuitarPlayer how is the foundation a fraud?  Did they raise money illegally?  Did they not give shittons of money to cancer research?  The name on the chirity is a fraud, not the charity itself, and nike seems to agree being as they ae sticking with Livestrong and not Lance

ScottsMerkin
ScottsMerkin topcommenter

 @GuitarPlayer Facts arent words and nudges of hey he cheats.  Facts are failed tests and testimony under oath.  You had neither when you were ranting about him.  So congratulations, you got one right.  Now Im tired of you tell trying to poke holes in my opinion at the time, thats your problem, it was my "opinion" Now why you want to try to prove every word I say on here wrong all the time is something you need to figure out.  Ive never claimed to be a know it all.  

GuitarPlayer
GuitarPlayer

 @ScottsMerkin You choose the facts you wanted. Plenty of people were saying he cheated, that they saw him and were encouraged LONG before it became too hard to say it was all bullshit. I love it when that happens. Especially to know it alls. So the "fire breathers and ranters were right.  lol

ScottsMerkin
ScottsMerkin topcommenter

 @GuitarPlayer I didnt ignore it, my narrative was one based on facts, the fact that there was no hard physical evidence proving he doped, zero, all word of mouth...so and so said this.  Now there is proof, you know, failed tests, testimony to paying off the drug testers  all that.  He is a fraud when it comes to cycling.  But his foundation still has donated tons of money to cancer research

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