Nike says it would stand by Armstrong despite life ban by US Anti-Doping Agency. Armstrong indicated late on Thursday he would not challenge the USADA s charges that he had doped throughout his career, saying "enough was enough" but denying he had ever used performance-enhancing drugs.
The ban is retroactive to Aug. 1, 1998, through the present and includes all seven of his Tour de France victories.
Armstrong, a cancer survivor considered one of the all-time greats in his sport, made the announcement on Thursday in a written statement as he faced a midnight deadline to formally challenge the accusations against him.
Meanwhile, US sporting goods giant Nike said Friday it would stand by Lance Armstrong after the US Anti-Doping Agency stripped the cycling legend of his record seven Tour de France titles.
Armstrong, a cancer survivor revered by millions for his efforts in raising cancer awareness and supporting those stricken by the disease, has steadfastly denied doping accusations but said Thursday night that he wouldn t pursue an arbitration process.
"We are saddened that Lance Armstrong may no longer be able to participate in certain competitions and his titles appear to be impacted," Nike said in a statement.
"Lance has stated his innocence and has been unwavering on this position. Nike plans to continue to support Lance and the Lance Armstrong Foundation, a foundation that Lance created to serve cancer survivors."
The company declined to comment on the terms of its deal with Armstrong, who has been a Nike-sponsored athlete since 1996.
Armstrong was also banned from cycling for life by the US anti-doping agency, which said his decision not to pursue arbitration in an effort to clear himself of doping charges leveled in June triggered the action.
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