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Nike said in a statement that Armstrong had "misled" the company for a decade about doping. The company said it would continue to support Armstrong’s foundation. Anti Doping Agency released a massive report last week detailing allegations of widespread doping by Armstrong and his teams when he won the Tour de France seven consecutive times from 1999 to 2005.

The document’s purpose was to show why USADA has banned him from cycling for life and ordered 14 years of his career results erased including those Tour titles. It contains sworn statements from 26 witnesses,
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Armstrong,
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"This organization, its mission and its supporters are incredibly dear to my heart,
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Foundation spokeswoman Katherine McLane said the decision turns over the foundation’s big picture strategic planning to Garvey. He will also assume some of the public appearances and meetings that Armstrong used to handle,
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Armstrong strongly denies doping,
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Armstrong’s inspiring story of not only recovering from testicular cancer that had spread to his lungs and brain but then winning the world’s best known bike race helped his foundation grow from a small operation in Texas into one of the most popular charities in the country.

Armstrong drew legions of fans and donations and insisted he was drug free at a time when doping was rampant in professional cycling. In 2004,
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"As my cancer treatment was drawing to an end, I created a foundation to serve people affected by cancer. It has been a great privilege to help grow it from a dream into an organization that today has served 2.5 million people and helped spur a cultural shift in how the world views cancer survivors," Armstrong said.

As chairman,
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Ulman had said last week that Armstrong’s leadership role would not change. Armstrong’s statement said he will remain a visible advocate for cancer issues,
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"My family and I have devoted our lives to the work of the foundation and that will not change. We plan to continue our service to the foundation and the cancer community. We will remain active advocates for cancer survivors and engaged supporters of the fight against cancer," Armstrong said.

CharityWatch,
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Livestrong says it had functional expenses totaling nearly $35.8 million last year and 82 percent of every dollar raised went directly to programs,
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The foundation reported a spike in contributions in late August in the days immediately after Armstrong announced he would no longer fight doping charges and officials moved to erase his Tour victories,
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Daniel Borochoff,
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"Individuals that admire and support an individual who is later found out to be severely tarnished,
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