Lance Armstrong dropped by three major sponsors

Lance Armstrong has lost three of his main sponsors after the United States Anti-Doping Agency's (USADA) report into doping. Sportswear giant Nike, bicycle maker Trek and Budweiser brewer Anheuser-Busch have announced that they will cut ties with the former cyclist. Armstrong, who has been stripped of his seven Tour de France titles, has also stepped down as chairman of his cancer charity Livestrong. However, the three companies pledged to continue to support the Livestrong foundation. Nike said in a statement "due to the seemingly insurmountable evidence that Armstrong participated in doping... we have terminated his contract". Anheuser-Busch will not renew its sponsorship deal with Armstrong when it finishes at the end of 2012, while Trek is ending its long-term relationship with the American champion with immediate effect. Another of Armstrong's sponsors, sportswear firm Oakley, said: "As we have stated in the past, Oakley does not approve in any way the use of illegal substances for enhancing performance in sports. Our policy with our athletes is to support them until proven guilty by the highest governing body of sport or court of law. We are reviewing the extensive report from the Usada, as well as our relationship with Lance, and will await final decision-making by the International Cycling Union." The decisions come a week after the United States Anti-Doping Agency (Usada) released a report containing accusations of widespread doping by Armstrong and his teams. The report contains sworn statements from 26 witnesses, including 11 former team-mates. Usada ordered 14 years of Armstrong's career results to be erased. Armstrong has always denied doping, but gave up his fight against the charges in August.