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Speedo announces it is finale sponsorship of Ryan Lochte

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04:18 23 Aug 2016

NEW YORK, Aug. 22, Kyodo

Speedo USA announced Monday it has forsaken a sponsorship of Ryan Lochte after a American swimmer certified to fibbing to Rio de Janeiro military about being hold adult during gunpoint in a city.

“While we have enjoyed a winning attribute with Ryan for over a decade and he has been an critical member of a Speedo team, we can't acquit a function that is opposite to a values this code has prolonged stood for,” a swimsuit manufacturer pronounced in a statement.

Speedo pronounced it will present a apportionment of Lochte’s $50,000 price to a tellurian gift Save a Children to advantage needy youths in Brazil.

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Article source: http://english.kyodonews.jp/news/2016/08/429916.html