Lance Armstrong may lose his titles, but his sponsors are sticking by his side. Nike has issued a statement in the wake of Armstrong’s Doping scandal saying they intend to continue their ties with the cyclist and his foundation.The statement notes that because Armstrong has continued to maintain his innocence, that is enough for Nike to support him and the Lance Armstrong Foundation. According to CNN, Anheuser-Busch has also said they will continue to stand by the embattled athlete. Just Thursday, Armstrong said that he will no longer battle the United States Anti-Doping Agency and enter arbitration with them, due to the toll it would take on his personal life. Because of this refusal, the USADA will strip him of his Tour de France titles and ban him from competition.