“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,” the Oregon-based footwear maker said in a statement Wednesday. “Nike does not condone the use of illegal performance enhancing drugs in any manner.”
Armstrong stepping down as LIVESTRONG Chairman. Read Report here:
A RadioShack spokesperson told The Wall Street Journal later on Wednesday that the company, which featured Armstrong in an advertising campaign during his 2009-2010 comeback, “has no current obligations with Lance Armstrong.”
However, brewing company Anheuser-Busch and energy food maker Honey Stinger told ABC it is cutting ties with the cyclist.