Speedo ends sponsorship of Lochte after Rio scandal

 22 Aug 2016 - 18:15

Speedo ends sponsorship of Lochte after Rio scandal
(FILES) This file photo taken on August 03, 2016 shows US swimmer Ryan Lochte holding a press conference in Rio de Janeiro, two days ahead of the opening ceremony of the Rio 2016 Olympic Games.  AFP / MARTIN BUREAU


Washington: Speedo USA announced Monday it has ended its sponsorship of star Olympic swimmer Ryan Lochte following his false claim that he had been robbed at gunpoint in Rio, a story he later admitted was "overexaggerated."

"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," the company said in a statement.

AFP