A-B InBev has followed Nike in pulling out of a sponsorship deal with Lance Armstrong

A-B InBev has followed Nike in pulling out of a sponsorship deal with Lance Armstrong

Anheuser-Busch InBev will cancel its sponsorship of disgraced cyclist Lance Armstrong at the end of this year, the company has confirmed to just-drinks today (17 October). 

In a statement, Paul Chibe, A-B InBev's US marketing VP said: "We have decided not to renew our relationship with Lance Armstrong when our current contract expires at the end of 2012."  

But he added: "We will continue to support the Livestrong Foundation and its cycling and running events."

It comes after another high profile sponsor of Armstrong, Nike, announced earlier today it was severing ties with the seven-times Tour de France winner. 

Armstrong is a spokesman for A-B InBev's beer brand Michelob Ultra. It was reported last week that the brewer was standing by Armstrong. 

The former cyclist was charged with six offences by the United States Anti-Doping Authority (USADA) last week, including taking banned substances and administering drugs to team-mates.