Ryan Lochte DROPPED by four companies

[Princess Die 1,864]

The fallout from Ryan Lochte’s story about being robbed at gunpoint in Rio — a tale the Brazilian police said was not true — continued Monday after four companies said they would end business partnerships with the American swimmer.

After a week of intense international media attention and anger in Brazil, the financial repercussions were swift for Lochte as Speedo USA, the luxury retailer Ralph Lauren and the mattress companyAirweave all announced that they would part ways with the 12-time Olympic medalist. And Syneron Candela, a company that sells hair-removal devices, told Reuters its relationship with the swimmer ended on Sunday.

Speedo USA said in a message on Twitterthat it would instead donate a $50,000 portion of Lochte’s fee to a charity to help Brazilian children.

“While we have enjoyed a winning relationship with Ryan for over a decade and he has been an important member of the Speedo team, we cannot condone behavior that is counter to the values this brand has long stood for,” the company said in its statement.

On Monday, Kim Angelastro, a spokeswoman for Syneron Candela, wrote in an email, “We hold our employees to high standards, and we expect the same of our business partners.” Lochte was a spokesman for its Gentle Hair Removal brand.

Through a spokeswoman, Ralph Lauren said Monday that Lochte’s endorsement agreement with the clothing company had been only for the 2016 Olympics, and that his contract would not be renewed.

Airweave said on Twitter that “after careful consideration, we have made the decision to end our partnership with Ryan Lochte.”

The decisions to cut ties with Lochte, 32, were the first major signs of the financial fallout for the Olympic swimmer, who for the past week has been at the center of an international firestorm after the Brazilian police said he and three other American athletes, Jimmy Feigen, Jack Conger and Gunnar Bentz, had fabricated the story of being robbed after a late-night party in Rio.

The authorities said that the swimmers had instead drunkenly vandalized a gas station bathroom, paying a security guard about $50 for the damage before leaving. Lochte originally said that the car they were traveling in had been stopped by armed men, who held a gun to his head. But his story later changed.

A Brazilian judge ordered the swimmers to remain in Rio de Janeiro, but Lochte had already left the country. After Conger and Bentz were pulled from their flight to the United States, they told the police that the confrontation began when Lochte pulled a poster off a gas station wall.

Feigen, 26, later donated $10,800 to a charity in Rio that teaches martial arts to poor children.

Lochte first issued an apology on social media — “I should have been much more responsible for how I handled myself,” he wrote — then told Matt Lauer in an interview on NBC that he had been intoxicated and that he had “over-exaggerated that story.”

He has maintained that he had been held at gunpoint.

“All we know is that there was a gun pointed in our direction, and we were demanded to give money,” Lochte said.

Lochte, whose boyish — and sometimes oafish — personality had made him a commercial success in Olympics past, had headed into Rio with fewer sponsors than he’d had at the London Games, according to a report by CNN Money. Lochte took home a gold medal in the 4x200-meter freestyle relay in Rio.

Source: http://mobile.nytimes.com/2016/08/23/sports/olympics/speedo-drops-ryan-lochte-as-rio-fallout-continues.html?smid=fb-nytimes&smtyp=cur&_r=1&referer

Now all we need is his medals stripped and I will be satisfied. 

[SlayGagaloo 16,152]

Excellent

[MAC 1,963]

He has to deal with the consequences.  What a very less than smart thing to do after his success at the Olympics.  At least he owned up to it now I guess (for the most part).

[Sid 6,755]

he doesn't need any money anyhow, i doubt he's even upset about it tbh 

 

[August Blue 8,566]

Gotta love this year 2k16 .. 

Messing with people  careers 

 

 

[LePetitGAGABLover 21,234]

Karma is a bitch

[chrismugler 944]

I personally think he's a dumb college jock-wannabe and his behaviour is far from funny or enchanting. He's a good athlete tbh but his personality is just ugh.

[HausOfNicole 177]

No company in their right mind will stand by him, especially not a big name one. Oh well *Beyoncé Sorry plays in the background*

I don't think he deserves to be stripped of metals though. The endorsements are a luxury, but he put in the work and dedication for his metals and won honestly. 

[Pharamon 6,839]

Wow the karma hit harder than G.U.Y. flopped on charts

[RAMROD 117,004]

Well, that's what you get for being a douche. Not sure what goes in his mind when doing things that he did. 

 

 

1 hour ago, CHAOS said:

he doesn't need any money anyhow, i doubt he's even upset about it tbh 

 

I bet he is pissed.  

[Sid 6,755]

10 minutes ago, RAMROD said:

I bet he is pissed.  

 

yeah I'm sure he's in the poorhouse now 

[RAMROD 117,004]

3 minutes ago, CHAOS said:

yeah I'm sure he's in the poorhouse now 

 

Those expensive taxes not gonna paid itself hermana

 

[Katsuki Bakugo 9,788]

1 hour ago, chrismugler said:

I personally think he's a dumb college jock-wannabe and his behaviour is far from funny or enchanting. He's a good athlete tbh but his personality is just ugh.

Anyone's a good athelete if you put in the effort, he is a mess of a person with a self entitlement issue and needs to leave immediately. 

[chrismugler 944]

3 hours ago, Melisandre said:

Anyone's a good athelete if you put in the effort, he is a mess of a person with a self entitlement issue and needs to leave immediately. 

[Katsuki Bakugo 9,788]

2 minutes ago, chrismugler said:

Not the first time nor will it be the last...