(Reuters) - The Livestrong Foundation, the cancer charity founded by disgraced cyclist Lance Armstrong, said on Tuesday it has lost the sponsorship of Nike Inc, its biggest corporate backer and creator of its well-known yellow wristbands.
Armstrong founded Livestrong in 1997 after he was diagnosed with testicular cancer, and the group flourished during his cycling career, which saw him win the gruelling Tour de France race seven times.
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