"Lance Armstrong has no place in cycling and he deserves to be forgotten," ICU President Pat McQuaid said at a news conference this morning. "This is a landmark day for cycling."
McQuaid announced that the group accepted the U.S. Anti-Doping Agency's massive report accusing Armstrong of direct involvement in what it called "the most sophisticated, professionalized and successful doping program that sport has ever seen."
The International Cycling Union said they will not appeal to the Court of Arbitration for Sport.
Armstrong has also been banned from cycling for life.
This final blow comes after Lance lost his endorsement deals with Nike, Giro Helmets, Trek Bicycles, FRS energy drink and Anheuser-Busch. He also stepped down as chairman of the Livestrong cancer-fighting charity.