Nike has issued a statement saying it doesn't condone the use of illegal performance enhancing drugs. The statement comes as Lance Armstrong admits he took banned substances during all seven Tour de France wins.
People still remember the 2001 Nike commercial where Armstrong addressed doping allegations.
Lance Armstrong:"Everybody wants to know what I'm on. What am I on? I'm on my bike busting my ass six hours a day. What are you on?"
In his interview with Oprah Winfrey this week, Armstrong admitted to taking EPO. That's a hormone that controls red blood cell production. He also now concedes he boosted the red blood cells in his bloodstream with transfusions, and he took testosterone, cortisone and human growth hormone.
Nike terminated its contract with Armstrong in October. In a statement, the Beaverton company said it plans to continue supporting the Livestrong initiatives for cancer.
It also said: "We remain saddened after being misled for more than a decade."