FACTBOX - Sponsors drop Lance Armstrong

Mon Oct 22, 2012 9:30pm IST

Lance Armstrong walks back to his car after running at Mount Royal park with fans in Montreal August 29, 2012. REUTERS/Christinne Muschi/Files

Lance Armstrong walks back to his car after running at Mount Royal park with fans in Montreal August 29, 2012.

Credit: Reuters/Christinne Muschi/Files

Stocks

   

REUTERS - Here is a list of the sponsors who have dropped American cyclist Lance Armstrong after he lost his seven Tour de France titles and received a lifetime ban for doping from cycling's governing body, the International Cycling Union (UCI), on Monday.

ANHEUSER BUSCH - Brewer Anheuser-Busch (ABI.BR) said it would end its relationship with Armstrong when his contract expired at the end of 2012, though it would continue to back his foundation and its athletic events.

NIKE - U.S. sportswear giant Nike (NKE.N) dropped the disgraced cyclist over the doping scandal last week.

OAKLEY - Sunglasses maker Oakley dropped Armstrong on Monday following the UCI decision.

OTHERS - Bike sponsor Trek Bicycles and the energy drink maker FRS are also ending their relationships with the cyclist. Helmet sponsor Giro and Honey Stinger, a maker of foods and gels for athletes, have distanced themselves from Armstrong. Technology retailer Radioshack has also said it has no current obligations with Armstrong while health club franchise 24HR Fitness has also dropped Armstrong.

OTHER CONSEQUENCES:

- Lance Armstrong stepped down last week as chairman of the Livestrong cancer support charity he founded in 1997, not long after being diagnosed with testicular cancer. The organization launched the Livestrong brand in 2003 as it widened its cancer patient-support services.

- On October 19, Dutch bank Rabobank pulled out of professional cycling. The bank is the biggest backer of the high profile Dutch Rabobank team, with total sponsorship worth 15 million euros a year. (Reporting by David Cutler)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

SPORTS SHOWCASE

Hungarian Practice

Hungarian Practice

Hamilton aims for damage limitation - again  Full Article 

Drogba's Back

Drogba's Back

Chelsea re-sign striker Drogba  Full Article | Related Story 

Russian GP

Russian GP

F1 teams rule out Russian race boycott  Full Article 

Motor Racing

Motor Racing

Force India happy to retain drivers, says Mallya  Full Article 

Bebe Sold

Bebe Sold

United sell misfit Bebe to Benfica  Full Article 

2018 World Cup

2018 World Cup

FIFA committed to 2018 World Cup in Russia  Full Article 

Canadian Open

Canadian Open

DeLaet well placed to end Canadian title drought  Full Article 

Colombo Test

Colombo Test

Amla, De Villiers dig in for South Africa in second test  Full Article 

Disgraced Suarez

Disgraced Suarez

Banned Suarez could make Barca debut in El Clasico  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage