Following his semi-apologetic NBC’s “Today” interview, Speedo USA announced Monday that they will no longer be sponsoring disgraced Olympian Ryan Lochte. The company released a statement noting they’ll donate $50,000 from Lochte’s sponsorship fee to Save the Children, specifically for children in Brazil. “We cannot condone behavior that is counter to the values this brand has long stood for,” they continued. The lightly frosted swimmerteared up and admitted that he “over-exaggerated” his version of that “robbery” incident in Rio during an interview with Matt Lauer, but refused to say that he “lied” — which, tbh, he did. The 32-year-old (definitely an) adult apologized and said he hoped, “If they give me that chance I definitely know I can turn this around and become that role model for little kids.” Ralph Lauren and Airwave, a mattress manufacturer, also sponsor Lochte, but have remained silent on the topic. However, Perez Hilton points out that Lochte’s image has been removed from Ralph Lauren’s “Meet Our Athletes” page, so the end could be nigh. Lochte. The company released a statement noting they’ll donate $50,000 from Lochte’s sponsorship fee to Save the Children, specifically for children in Brazil. “We cannot condone behavior that is counter to the values this brand has long stood for,” they continued. Update (4:11 p.m. EST): Ralph Lauren announced they also will not be renewing Lochte’s contract, noting his involvement was exclusive to Rio.
MORE: Ralph Lauren says Lochte’s deal was “specifically in support of the Rio 2016” Games & will not be renewed. pic.twitter.com/rljHT9K2el
— CNBC Now (@CNBCnow) August 22, 2016
