Lance Armstrong has resigned as chairman of his Livestrong charity as the cyclist's doping saga continues, The Huffington Post reports. Minutes after Armstrong stepped down, Nike issued a statement severing its relationship with Armstrong "due to the seemingly insurmountable evidence that Lance Armstrong participated in doping and misled Nike for more than a decade." However, Nike will continue to support Livestrong.
"This organization, its mission and its supporters are incredibly dear to my heart," Armstrong said in a statement. "Today therefore, to spare the foundation any negative effects as a result of controversy surrounding my cycling career, I will conclude my chairmanship."
Armstrong did not earn a salary as chairman and will remain on the charity's 15-member board. Last week, the U.S. Anti-Doping Agency released a lengthy report detailing the doping allegations against Armstrong and his racing teams between 1999 and 2005, during which he won seven consecutive Tour de France titles.