Ryan Lochte Dropped by First Major Sponsor, Speedo

- Speedo announced that they were ending their sponsorship of Lochte.
- Statement: "We cannot condone behavior that is counter to the values this brand has long stood for."
- $50,000 of his fee will go to the Save The Children charity of Brazil.
- Lochte's remaining sponsors include Ralph Lauren (who is "monitoring" the situation) and Airweave.

Source / S2