Nike severs ties with cyclist Lance Armstrong

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by Associated Press

WHAS11.com

Posted on October 17, 2012 at 8:46 AM

Updated Wednesday, Oct 17 at 4:48 PM

NEW YORK (AP) -- Nike is severing ties with famed cyclist Lance Armstrong, citing insurmountable evidence that he participated in doping and misled the company for more than a decade.
 
The clothing and footwear company said Wednesday that it was ending Armstrong's contract "with great sadness."
 
Nike Inc. said it will continue to support the initiatives of Livestrong, a cancer non-profit organization.

PHOTOS: Lance Armstrong's career and charity work

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