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And the home of Major League Soccer club Sporting Kansas City will continue to be called Livestrong Sporting Park. The club, which has promised to donate $7.5 million in stadium revenues to Armstrong's foundation over six years, says it will not consider renaming the Kansas City, Kan., venue.
"Those who have been touched by cancer see Armstrong as an inspiration," said Michael Shmarak, a vice president of DKC Public Relations in Chicago. "Brands recognize that power."
But Shmarak added that he wouldn't be surprised if the foundation decided to rebrand itself a little, creating a new symbol and steering away from the yellow bracelets that reference the now-tainted Tour de France yellow jersey.
Stan Steinreich, CEO of Steinreich Communications Group in Fort Lee, N.J., said that once the initial spike in donations disappears, the foundation could lose a significant amount of funding, because some people won't want to have anything to do with Armstrong.
But in the long term, the charity is bound to rebound, because it has nothing to do with Armstrong's scandal, he said. It appears to pale, in public relations terms at least, in comparison with those involving other sports figures such as Tiger Woods and Michael Vick.
Over the past nearly 15 years, the foundation has raised nearly $500 million, partially though the sale of the yellow bracelets. Armstrong has said that his decision to not seek arbitration will allow him to focus more time on the foundation.
"I think the calculation he made was whatever effect these allegations have had, he did his jail time before the sentence was handed down," Steinreich said. "His world can only get better now."
[Associated
Press;
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