After Armstrong Resigned, He Was Betrayed By Nike Or The Loss Was 12 Million.

Recently, Armstrong, who was deprived of the seven Tour de France championship because of a doping scandal, announced at the news conference that he would resign from his first job as chairman of the Livestrong cancer foundation, and had many years of cooperation with him.

He has been terminated.

Although the foundation's donation has increased 25 times as much as usual, after the outbreak of the Armstrong doping scandal, the seven Tour de France champion may be deprived of it or Armstrong can not sit idly by.

"To ensure that

I will not give up any negative effects surrounding rumor investigation in my cycling career, and I have decided to give up my position as chairman.

Armstrong said so at a news conference.

However, according to Armstrong himself, he will continue to do other work of the foundation.

In addition to announcing the resignation of the chairman of the foundation, Armstrong also faces the backing from the sponsors: just before Armstrong announced his resignation as chairman, Nike issued a statement in this statement.

He said, "according to the exact evidence submitted by the United States Anti Doping Agency, Armstrong is suspected of taking banned drugs and he has misled Nike for more than ten years. We are very sorry about this, so we have terminated the contract with Armstrong."

In addition, the health clubs, honey makers, brewers and famous Trek bicycles signed with Armstrong chose to terminate their contracts early or not to renew their contracts.

According to foreign media estimates, Armstrong will face up to 12 million U.S. dollars in economic losses, which includes 7 million 500 thousand dollars reward sponsored by the sponsors, 1 million dollars reconciliation cost recovered by the British media, and 3 million 500 thousand US dollar prize for the seven Tour de France.