Lance Armstrong announced on Wednesday that he is stepping down as chairman of the Livestrong foundation. He founded the cancer-fighting charity when he was battling cancer himself. He wants them to be able to focus on their causes instead of Armstrong’s newest doping allegations.

Armstrong released a statement to announce his departure:

This organization, its mission and its supporters are incredibly dear to my heart. Today therefore, to spare the foundation any negative effects as a result of controversy surrounding my cycling career, I will conclude my chairmanship.

“As my cancer treatment was drawing to an end, I created a foundation to serve people affected by cancer. It has been a great privilege to help grow it from a dream into an organization that today has served 2.5 million people and helped spur a cultural shift in how the world views cancer survivors.

“My family and I have devoted our lives to the work of the foundation and that will not change. We plan to continue our service to the foundation and the cancer community. We will remain active advocates for cancer survivors and engaged supporters of the fight against cancer.”

If things weren’t already looking dim for Armstrong after his newest allegations, Nike has dropped him as a spokesperson due to mounting evidence against him.

Due to the seemingly insurmountable evidence that Lance Armstrong participated in doping and misled Nike for more than a decade, it is with great sadness that we have terminated our contract with him. Nike does not condone the use of illegal performance enhancing drugs in any manner. Nike plans to continue support of the Livestrong initiatives created to unite, inspire and empower people affected by cancer.

Ouch.

The Livestrong foundation has raised more than $500 million in support of cancer patients.

I guess when it rains, it pours. Right, Lance?