Lochte Loses Speedo, Ralph Lauren Sponsorships

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

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