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Nov 12, 2012 8:46 AM by Associated Press

Armstrong cuts formal ties to Livestrong

AUSTIN, Texas (AP) - Lance Armstrong has cut formal ties with his cancer-fighting charity to avoid further damage brought by doping charges and being stripped of his seven Tour de France titles.

Armstrong resigned from the board of directors for Livestrong on Nov. 4. He had previously resigned as chairman from the charity he founded Oct. 17 but had kept a seat on the board.

The U.S. Anti-Doping Agency ordered Armstrong banned from the sport for life and stripped of his titles. The International Cycling Union, which had originally supported Armstrong's fight, later agreed to wipe out Armstrong's record seven victories.

Livestrong spokeswoman Katherine McLane said Monday that Armstrong "remains the inspiration," and is still its largest donor with nearly $7 million over the years.

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