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Lance Armstrong resigns as Livestrong chairman, will remain on board

Lance Armstrong was already dropped by Nike early on Wednesday morning due to the recent swell of doping allegations surrounding his cycling career. Now he's also announced that he is stepping down as chairman of his Livestrong charity.

"This organization, its mission and its supporters are incredibly dear to my heart," Armstrong said in a statement obtained by The Associated Press. "Today therefore, to spare the foundation any negative effects as a result of controversy surrounding my cycling career, I will conclude my chairmanship."

Armstrong's charity is also the namesake locally for LIVESTRONG Park, which means that perhaps even the stadium and home for Sporting KC will want to distance themselves from Armstrong.

Then again, the AP report indicates that Armstrong will still remain on the 15-member board. In other words, the distance from the organization might not be as vast as the headlines will indicate today.

Armstrong will still speak this Friday at Livestrong's 15th anniversary gala in Austin, Texas.