Speedo and several other companies have stripped US Olympic swimmer Ryan Lochte of his sponsorship following the controversy the gold medal winner sparked at the Rio games by allegedly lying to Brazilian police about being robbed at gunpoint.
The US arm of the maker of swimming trunks and costumes said: “We cannot condone behaviour that is counter to the values this brand has long stood for. We appreciate his many achievements and hope he moves forward and learns from this experience.”
It added that as part of the decision to end its decade-long relationship with Mr Lochte, Speedo will donate $50,000 of the swimmer’s undisclosed fee to Save The Children in Brazil.
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