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Nike disbands from Livestrong

Nike has completely cut ties to Livestrong, further removing itself from any ties with former cyclist Lance Armstrong.

Products will still be in production through the end of this year. Rather than selling product, look out for the retail company to fund the charity Armstrong founded directly.

Last year, Nike reported $150 million in sales of Livestrong product, the most it had ever sold in a year.

The name suffered through accusations that its founder ran one of the biggest performance-enhancing drug schemes in history. It would lead to him being stripped of his Tour de France titles and banned from sanctioned events.

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