Just over one week since Ryan Lochte provided a false police report stating that he and USA Olympic teammates Jimmy Feigen, Gunnar Bentz, and Jack Conger were robbed at gun point the 12-time Olympic medalist has lost his first endorsement deal.
Speedo USA has announced that they are ending their sponsorship of Lochte stating that they “cannot condone behavior that is counter to the values this brand has long stood for.”
Lochte had originally signed a ten-year contract with Speedo in 2006, but it is unclear as to how much time was remaining on his existing contract.
Along with their decision to drop him as one of their athlete’s, Speedo also announced that they would be donating a “$50,000 portion of Lochte’s fee to Save The Children, a global charity partner of Speedo USA’s parent company, for children in Brazil.”
View full post on swimmingworldmagazine
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