Nike has decided it's NOT buying LANCE ARMSTRONG'S denials about using performance enhancing drugs. The company has cut ties with him, saying he misled them, and that the evidence against him is, quote, "seemingly insurmountable." He lost several other sponsors, too. Meanwhile, Lance has stepped down as chairman of his cancer charity, Livestrong. But he's still on the board . . . and he's still not admitting guilt.
It just keeps getting worse for LANCE ARMSTRONG. Nike has given him the boot, claiming he MISLED them about his use of performance-enhancing drugs.
--Nike says, quote, "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."
--He also lost several other sponsors yesterday: Trek Bicycles . . . Anheuser-Busch . . . the FRS energy drink company . . . Giro Helmets . . . Honey Stinger energy products . . . 24 Hour Fitness . . . and Radio Shack.
--Meanwhile, Lance stepped down as chairman of his own cancer charity, Livestrong. But once again, he's not admitting guilt.
--He said, quote, "This organization, its mission and its supporters are incredibly dear to my heart. Today therefore, to spare the foundation any negative effects as a result of controversy surrounding my cycling career, I will conclude my chairmanship."
--Lance will remain on Livestrong's board of directors.
RELATED COMEDY #1: Lance Armstrong stepped down as chairman of his Livestrong cancer charity. But he's starting a new charity: Dopestrong.
RELATED COMEDY #2: Lance Armstrong is no longer chairman of his Livestrong cancer charity. Wow, not even Lance Armstrong likes Lance Armstrong anymore.
RELATED COMEDY #3: Lance Armstrong stepped down as chairman of his Livestrong cancer charity. Lance had to resign because he hasn't figured out a way to live strong without performance-enhancing drugs.