Speedo drops Lochte after Rio controversy

August 22, 2016 3:31 PM

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Speedo drops Lochte after Rio controversy

WASHINGTON (Sinclair Broadcast Group) - Speedo has officially dropped out as a sponsor of olympian Ryan Lochte, according to multiple reports.

In a statement, the company said, ""Speedo USA today announces the decision to end its sponsorship of Ryan Lochte. As part of this decision, Speedo USA will donate a $50,000 portion of Lochte’s fee to Save The Children, a global charity partner of Speedo USA’s parent company, for children in Brazil....

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