Editor’s note: Controversial American cyclist Lance Armstrong is stepping down as chairman from his Livestrong cancer charity. The announcement comes a week after the U.S. Anti-Doping Agency said it had uncovered overwhelming evidence of Armstrong’s involvement in a sophisticated doping program. For more information read our full story here.
[Updated at 3:01 p.m. ET] Lance Armstrong is about to lose another sponsorship.
The controversial cyclist will lose his contract with Anheuser-Busch, the brewer of Budweiser, at the end of the year.
“We have decided not to renew our relationship with Lance Armstrong when our current contract expires at the end of 2012,” Paul Chibe, Vice President of U.S. Marketing, Anheuser-Busch said in astatement. “We will continue to support the Livestrong Foundation and its cycling and running events.”
[Updated at 12:18 p.m. ET] Nike will take Lance Armstrong’s name off their Nike campus fitness center in Beaverton, Oregon, spokeswoman Mary Remuzz…
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