The fallout over Ryna Lochte’s Olympic scandal continues to bring bad news for the gold medalist. Speedo USA today released a statement regarding their sponsorship relationship with the Team USA swimmer. Ralph Lauren released a statement to CNBC stating that its “endorsement agreement with Ryan Lochte was specifically in support of the Rio 2016 Olympic Games and the company will not be renewing his contract.” Lochte issued an apology for his claim of being robbed at gunpoint at a gas station in Rio after a night of clubbing. http://cbsloc.al/2bbddTs
Ryan Lochte of the United States attends a press conference in the Main Press Centre on Day 7 of the Rio Olympics on August 12, 2016 in Rio de Janeiro, Brazil.