This seems like the right thing to do at this point.
Lance Armstrong is stepping down as chairman of his Livestrong cancer-fighting charity to help it limit the damage from the doping scandal that has snared the former champion cyclist.
Armstrong announced the move Wednesday, a week after the U.S. Anti-Doping Agency released a massive report detailing allegations of widespread performance-enhancing drug use by Armstrong and his teams.
The document included testimony from 11 former teammates. USADA has ordered 14 years of Armstrong's career results erased, including his seven Tour de France titles.
Armstrong still steadfastly denies the doping allegations even in light of the most damning recent evidence, but said he won’t fight the USADA anymore because the process is “unfair.”
Also this morning, Nike terminated its relationship with the cycling legend, claiming it’d been lied to all these years.
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.