Nike drops Lance Armstrong


A week after doping evidence was made public, Nike terminated Lance Armstrong’s contract, as he also stepped down as chairman of Livestrong, his cancer foundation.

Share this article!

A week after doping evidence was made public, Nike terminated Lance Armstrong’s contract, as he also stepped down as chairman of Livestrong, his cancer foundation.

“I have had the great honor of serving as this foundation’s chairman for the last five years and its mission and success are my top priorities,” Armstrong 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 a statement on Wednesday morning, Nike said the evidence that Armstrong had doped was so overwhelming that it could no longer partner with him. In the past, the company stood by athletes like Kobe Bryant, who was accused of sexual assault but never convicted; Michael Vick, who was convicted and served time in a federal prison for his role in a dogfighting ring; and Tiger Woods, who gained international notoriety for his extramarital affairs.

Read more at The New York Times.

{biztweet}lance armstrong{/biztweet}


Published in Categories News


Latest from Oregon Business Team