Lance Steps Down at Livestrong

    ASPEN, CO - AUGUST 25: Lance Armstrong finishes the Power of Four Mountain Bike Race on Aspen Mountain on August 25, 2012 in Aspen, Colorado. (Photo by Riccardo S. Savi/Getty Images)

    Riccardo S. Savi

    The days of ubiquitous yellow bracelets feel like a distant memory. In a statement to the press, Lance Armstrong said he is stepping down as chairman of his cancer-fighting charity, Livestrong, so the group can focus on its mission. The announcement comes on the heels of the USADA’s 1,000-page dossier in which more than 26 people—including 15 cyclists—implicated themselves in a doping ring in order to prove Armstrong was the ring leader. Armstrong will remain on the charity’s 15-person board. Also on Wednesday, Nike Inc. announced it would terminate its contract with Armstrong, saying in a statement that there is “seemingly insurmountable evidence” that he “participated in doping and misled Nike for more than a decade.” 

    Read it at ABC News