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Lance Armstrong banned for life, stripped of titles

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    Laura Ingle reports from New York

  • Duration 3:16
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-- the man who used his success on a bike to build a foundation that gives hundreds of millions of dollars to fight cancer has now given up his battle against allegations that he cheated.

Now the US Anti Doping Agency has stripped Lance Armstrong of his record seven tour to -- titles and more.

For years Lance Armstrong has denied using illegal substances.

But in -- in the United States Anti Doping Agency announced it had evidence that Armstrong used banned drugs.

And encouraged his teammates to do the same.

Lance.

And last night Lance Armstrong declined to pursue the arbitration.

That would have laid out all of the evidence against him.

Today the US ABA officially stripped Lance Armstrong of these seven toward -- titles along with any other competitive results.

And banned him from the sport for life.

In a statement Lance Armstrong said he got tired of fighting what he called quote an unconstitutional.

Witch hunt.

Adding quoting again I have been dealing with claims that I had cheated.

And had an unfair advantage in winning my seven tour since 1999.

The told this has taken on my family and my work for our foundation.

And on -- leads me to where I am today.

Finished with this nonsense.

Laura -- with the new she's live in our New York City newsroom on Laura how are fans and officials reacting all this.

Hi traceable cycling fans and supporters -- expressed sadness and anger as to how Armstrong will be remembered now that his record has been completely erased.

US Anti Doping Agency maintains that Armstrong has used banned substances as far back as 1996 including the blood booster EPO.

As steroids as well as blood transfusions all the boost his performance.

And claimed it had ten former Armstrong teammates ready to testify against him.

Armstrong has maintained his innocence point.

To the hundreds of drug test that he is passed but.

The World Anti Doping Agency the governing body which oversees the USA DA says there was opportunity for him to set the record straight.

If he was innocent he would have stated as much by.

Rebutting the evidence tasting the evidence cross examining the witnesses.

That -- now happen.

Now a source close to Armstrong tells us the US Anti Doping Agency has absolutely.

No power to take -- -- titles.

And that it is is -- to -- a decision that will be up to the sanctioning bodies of the particular races involved so still more to come on -- -- What about -- all of his sponsors what happens there.

-- got a lot of the Nike one of Armstrong's biggest sponsors will stand behind an -- Lance Armstrong Foundation which.

As raise nearly half a billion dollars to assist cancer survivors now it's also been reported US Postal Service which gave.

Tens of millions of sponsorship money to Armstrong's teams could try to get some of its money back.

And a Texas company that shelled out seven point five million Armstrong for performance bonus in 2006.

Good also try to get a refund now that is titles are gone.

And as far as cycling is most prestigious race Tour de France organizers have said they will wait to see what happens before commenting on Armstrong's case Trace.

Laura -- live for us in new York law.

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