Nike ends contract with Lance Armstrong
NEW YORK -- Nike is severing ties with famed cyclist Lance Armstrong, citing insurmountable evidence that he participated in doping and misled the company for more than a decade.
The clothing and footwear company said Wednesday that it was ending Armstrong's contract "with great sadness."
Nike Inc. said it will continue to support the initiatives of Livestrong, a cancer non-profit organization.
NEW YORK-- Nike is severing ties with famed cyclist Lance Armstrong, citing insurmountable evidence that he participated in doping and misled the company for more than a decade. The clothing and footwear company said Wednesday that it was ending Armstrong's contract "with great sadness."