Nike, Armstrong split after doping allegation

Nike has split with Lance Armstrong after the cyclist stepped down as chairman of the LiveStrong Foundation.

According to Darren Rovell of ESPN, Nike, announced Wednesday that it has terminated its endorsement deal with Armstrong.

“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 company said in a statement. “Nike does not condone the use of illegal performance enhancing drugs in any manner. Nike plans to continue support of the Livestrong initiatives created to unite, inspire and empower people affected by cancer.”

Armstrong is on a short list of athletes, which include Mike Vick and Tiger Woods to lose endorsement deal because of moral clauses in their contracts.

Armstrong’s other sponsors including Oakley, Honey Stinger and FRS have thus far continued to support the embattled cyclist.

Source: ESPN