Nike drops Livestrong sponsorship

NEW YORK — The Livestrong Foundation, the cancer charity founded by disgraced cyclist Lance Armstrong, said on Tuesday that Nike had dropped its sponsorship of the group, which is known for its distinctive yellow wristbands.

The group had flourished during Armstrong’s cycling career, which saw him win the grueling Tour de France race seven times, titles he was stripped of last year amid accusations that he used performance-enhancing drugs.

Armstrong admitted to doping early this year and stepped aside from the charity, which he had founded after being diagnosed with testicular cancer.

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