Unsigned Heaven     Travel World     The Cheers News     Forum    

Fallout Continues for Lance Armstrong Over Doping Report

By Jay Gory,    2012-10-18 11:38:42    

Disgraced U.S. cyclist Lance Armstrong lost a number of high-profile corporate sponsors Wednesday, the same day he resigned as chairman of the charity he founded to raise money for cancer research.
Disgraced U.S. cyclist Lance Armstrong lost a number of high-profile corporate sponsors Wednesday, the same day he resigned as chairman of the charity he founded to raise money for cancer research.

Nike, the athletic apparel company, announced it was dropping Armstrong as a spokesman "due to the seemingly insurmountable evidence" that he used illicit performance-enhancing drugs and misled the company for years.

Beer maker Anheuser-Busch, energy drink maker FRS and bicycle manufacturer Trek also cancelled their endorsement contracts with Armstrong.

As sponsors were cutting their ties with the cyclist, Armstrong stepped down as chairman of Livestrong, which he founded 15 years ago after surviving testicular cancer. He said he wanted to spare the organization "any negative effects" from the scandal.

The foundation has sold more than 80 million yellow "Livestrong" rubber wristbands that have become an iconic symbol in the fight against cancer. Many of the corporations who dropped Armstrong as a spokesman vowed to continue to support the charity.

Armstrong has been banned from the sport for life by the U.S. Anti-Doping Agency back and stripped of his seven consecutive Tour de France titles from 1999 to 2005. The agency cited "numerous anti-doping violations" against him, including "trafficking and administering doping products to others."

It released a 1,000 report of evidence uncovered in its investigation of Armstrong, including testimony from 11 former teammates. Armstrong had denied the allegations for years, saying he had never tested positive for banned substances during his career. Before the USADA issued its report, he announced he would stop fighting the allegations.

The sport's governing body, the International Cycling Union, has not decided whether to uphold the USADA report, or take the matter to the world Court of Arbitration for Sport. News by
Jay Gory, The Cheers News

Click for more News about World-news

TAGS: World-news   

The Cheers NEWS is looking for new local reporters

Gambia confirms exit from Glasgow-hosted Commonwealth Games

Following Gambia's sudden withdrawal last week from the Commonwealth of Nations, the country confirmed today they have withdrawn from the Glasgow-hosted Commonwealth Games scheduled to take place next year. This leaves 70 countries and territories competing in the Games.

CFPB records fewer complaints in early days of US government shutdown

Unlike some parts of the US Federal Government, the Consumer Financial Protection Bureau (CFPB) has been open during the federal government shutdown and recording a record-low number of complaints submitted by consumers against mortgage companies, credit card companies, student loan providers, banks, money transfer providers, companies who provide credit reports, and other companies providing consumer loans.

Walgreens helps developing countries with up to 3 million life saving vaccines
16.Sep 2013
The largest drugstore chain in the U.S. has made a commitment of providing up

Miss America Pageant Crowns First Indian-American Winner
16.Sep 2013
Nina Davuluri of New York state has won the 2014 Miss America pageant in

Haunted attractions in Texas prepare for 2013 Halloween season
16.Sep 2013
With Halloween approaching, numerous haunted attractions all over Texas are

WikiLeaks Trial of US Soldier to Begin

Scores Killed in China Slaughterhouse Fire

Highly preserved mammoth presents scientists with blood sample Highly preserved mammoth presents sci

House Approves $982B Budget to Fund US Government

Venezuelan President Hugo Chávez dies aged 58

The Cheers magazine: About us | Contact us | The Cheers Story | Advertising
Work with The Cheers: Writers guide | Write for us | Writer application | Reporter application 
The Cheers:Terms and conditions | Privacy policy | Sponsoring | Sitemap
Sister sites: Tech Blog |  Best Auto Zine | Travel destinations by weather | Okai - critical commentary | Stock trading game | Wifi hotspots and wireless laptops | The Daily Bonk | Best Poker Zine | Business thoughts | Political commentary | Most expensive things | World News in ShortTop 10 listsPolitically incorrect blog
Listen: Online radio station
Travel World: World travel locations
Travel: Travel blogs | Travel destinations | Hotel reviews | Beer around the world
Watch: Watch series online
Trade: The Stock game | Trading competitions | Trading education
Entertainment Blogs
Entertainment blog
Copyright © 2004-2012 The Cheers magazine / Fallout Continues for Lance Armstrong Over Doping Report

web stats