The swimwear manufacturer Speedo is dropping their sponsorship of the disgraced US Olympic swimmer Ryan Lochte. The company made the announcement after Lochte lied about being robbed at gunpoint by a policeman after a night out during the Rio Olympics.
Speedo said: "We cannot condone behaviour that is counter to the values this brand has long stood for." Lochte said he respected Speedo's decision and thanked the company. Furthermore, Speedo said it would donate a $50,000 portion of Lochte's sponsorship fee to the charity Save The Children's Brazilian operation.
