Lance Armstrong has announced that he is stepping down as Chairman of the Lance Armstrong Foundation, commonly known as Livestrong, as a result of the U.S. Anti-Doping Agency's (USADA) report detailing allegations of his doping, which he has adamantly denied, according to USA Today.
Last week, the USADA released a report detailing the allegations against Armstrong, including testimony from 11 former teammates.
The USADA also ordered 14 years of Armstrong's career results erased, which includes seven Tour de France titles.
NIKE followed up Armstrong's announcement by releasing a statement that they are cutting ties with the cyclist.
Livestrong was founded in 1997, and has raised $500 million to support cancer patients. The charity will continue to exist with Armstrong, a cancer survivor, on the board.
Read more in the USA Today Article.
Many Perkiomen Valley residents are avid cyclists - what do you think about the investigation, and Armstrong's decision?