“Speedo USA today announces the decision to end its sponsorship of Ryan Lochte, ” the company said in a statement.
“While we have enjoyed a winning relationship with Ryan for over a decade and he has been an important member of the Speedo team, we cannot condone behavior that is counter to the values this brand has long stood for, ” it said.
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“We appreciate his many achievements and hope he moves forward and learns from this experience, ” Speedo USA said of Lochte, who has won a total of 12 medals in Olympic competition during his career, six of them gold.
Lochte, 32, claimed he and three of his teammates — all gold medal winners in Rio — were mugged by robbers pretending to be police after a night out.
Read the full story at sport24
