Nike Stands By Lance Armstrong

He was stripped of his seven Tour de France titles after refusing to continue to fight doping allegations

Nike Inc plans to continue to support Lance Armstrong even after the seven-time Tour de France cycling champion is stripped of his titles for deciding to no longer fight charges of doping, while bicycle maker Trek is analyzing the situation.

"Lance has stated his innocence and has been unwavering on this position. Nike plans to continue to support Lance and the Lance Armstrong Foundation, a foundation that Lance created to serve cancer survivors," Nike said in a prepared statement.