Nike announced Wednesday it is cutting ties with cyclist Lance Armstrong due to "insurmountable evidence" he participated in doping.
A statement from the Portland-based sportswear giant said Armstrong "misled Nike for more than a decade."
"Nike does not condone the use of illegal performance enhancing drugs in any manner," the statement said.
FOX 12 confirmed Nike will remove Armstrong's name from the Lance Armstrong Fitness Center based at the company's World Headquarters in Portland.
Though it is severing ties with Armstrong, Nike plans to continue supporting the Livestrong foundation, the cancer-fighting charity from which Armstrong stepped down as chairman Wednesday.
"He felt that in order to protect this organization, its mission and the teammembers here from any kind of effect as a result of controversy from his cycling world, he would step down as chairman," Katherine McLane, a spokesperson for Livestrong Foundation.
Armstrong didn't acknowledge Nike in a statement on the Livestrong website Wednesday and only spoke of his involvement in the Livestrong charity.
"To spare the foundation any negative effects as a result of controversy surrounding my cycling career, I will conclude my chairmanship," he said in a blog post on livestrong.org.
The two developments Wednesday morning come as part of the fallout from a U.S. Anti-Doping Agency report released a week ago. The wide-ranging report alleged doping by Armstrong and his cycling teams. Armstrong won the Tour de France seven times from 1999 to 2005.
Armstrong repeatedly has denied doping, but chose not to fight the USADA allegations.
To read Armstrong's statement announcing he is stepping down as Livestrong Chairman, click here.
To read Nike's statement announcing it is dropping Armstrong, click here.
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Wednesday, August 20 2014 1:35 PM EDT2014-08-20 17:35:47 GMT
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