Lance Armstrong Loses Endorsements
By: Big 2 News Staff
Updated: October 18, 2012
Lance Armstrong is losing major endorsements in the fallout from a doping scandal.
Nike announced Wednesday it's cutting ties with Armstrong.
The company will remove the cyclist's name from this fitness center at Nike's campus in Oregon.
Anheuser-Busch is also ending its contract with Armstrong.
The move comes a week after the US Anti-Doping Agency outlined evidence of Armstrong's involvement in a sophisticated doping program.
Both companies initially stood by him.
Armstrong has consistently denied the claims.
Both companies say they still plan to support Armstrong's Livestrong cancer charity.
Armstrong stepped down as chairman Wednesday.
He will remain on the charity's board of directors.
Nike announced Wednesday it's cutting ties with Armstrong.
The company will remove the cyclist's name from this fitness center at Nike's campus in Oregon.
Anheuser-Busch is also ending its contract with Armstrong.
The move comes a week after the US Anti-Doping Agency outlined evidence of Armstrong's involvement in a sophisticated doping program.
Both companies initially stood by him.
Armstrong has consistently denied the claims.
Both companies say they still plan to support Armstrong's Livestrong cancer charity.
Armstrong stepped down as chairman Wednesday.
He will remain on the charity's board of directors.
