Join our Newsletter
Stay up to date with our latest posts
Thank you for subscribing!

Ryan Lochte loses sponsorship deals after lying about being robbed

Swimwear manufacturer Speedo and fashion label Ralph Lauren on Monday said they were dropping their sponsorship of the disgraced U.S. Olympic swimmer Ryan Lochte.

The companies made their announcements after Lochte lied about being robbed at gunpoint by a policeman after a night out during the Rio Olympics.

โ€œWe cannot condone behaviour that is counter to the values this brand has long stood for,โ€ Speedo said.

Lochte and three team-mates had in fact damaged a petrol stationโ€™s toilet door.

They had been returning to the Olympic village after a night out in Rio when they tried, unsuccessfully, to use the locked toilet and urinated outside instead.

Ralph Lauren, which has removed some of Lochteโ€™s images from its website, said its sponsorship had been only for the Rio Olympics and would not be renewed.

The value of Lochteโ€™s Speedo sponsorship has not been disclosed however.

Ryan Lochte
Ryan Lochte

The contract reportedly expires this year after 10 years.

Speedo said it would donate a $50,000 portion of Lochteโ€™s sponsorship fee to the Brazilian operation of the charity โ€œSave The Childrenโ€.

Lochte is one of the most successful swimmers in history, with 12 Olympic medals, and he once had his own reality television show in the U.S.

In Rio, he swam in two events, winning a gold medal in the 4ร—200 metres freestyle relay along with team-mate Jack Conger.

Lochteโ€™s behaviour has been met with disdain in the U.S. and he has been widely pilloried in the U.S. media.

On Friday, the New York Post carried a front-page headline describing him as the โ€œUgly Americanโ€, along with the slogan โ€œLiar, Liar, Speedo on fireโ€.

After first claiming that he and his three team-mates had been robbed by bogus policemen, Lochte back-tracked.

He admitted he had, while still drunk, โ€œleft details outโ€ and โ€œover-exaggerated some parts of the storyโ€.

In spite of the evidence against him, including CCTV footage, he has however denied that he actually lied in his initial account to Brazilian police.

โ€œWe appreciate his many achievements and hope he moves forward and learns from this experience,โ€ Speedo said of Lochte.

Syneron Candela โ€“ a hair removal company โ€“ is another sponsor of Lochte.ย It said on Sunday that its sponsorship of the swimmer was an โ€œongoing investigationโ€.

 

Please follow and like us:
X (Twitter)
Visit Us
Follow Me
YouTube
YouTube
LinkedIn
Share
Instagram

Share Now!

Leave a Reply

Your email address will not be published. Required fields are marked *