Ryan Lochte has lost all four of his major commercial sponsors in the wake of his “robbery” scandal in Rio de Janeiro during the Olympics.
Ralph Lauren, Airweave, Gentle Hair Removal, and Speedo all severed their ties with Lochte which according Darren Rovell will cost the swimmer about a $1 million dollars in annual earnings.
Industry sources tell me Lochte lost about $1 million in current endorsement deals today.
— Darren Rovell (@darrenrovell) August 22, 2016
If only Lochte would have kept his mouth shut and allowed one of his teammates to talk about the incident in Rio maybe he wouldn’t have gotten himself in this situation.
H/T Washington Post