Now that the Rio Olympics are complete, the fallout has begun for former Florida swimmer Ryan Lochte.
The 12-time Olympic medalist has dominated headlines for his role in an altercation at a Brazil gas station which involved security guards allegedly pointing guns at four U.S. swimmers and demanding money following alleged vandalism to the property.
Lochte, who initially claimed the group was robbed, has since toned down his recollection of the events and accepted responsibility for both the issues his actions caused for his teammates and the perception it created both for the United State Olympic team and the country of Brazil.
But that was not enough to keep a major sponsor on board.
After more than a decade as a partner with Lochte, Speedo USA announced Monday it was termination its sponsorship relationship with the Olympic swimmer.
Here’s a look at the official statement from the swimwear company:
Statement from Speedo, ending its relationship with Ryan Lochte pic.twitter.com/dT0F9WwxSR
— Darren Rovell (@darrenrovell) August 22, 2016
It is likely not the last we’ll hear about Lochte and the incident, as the USOC is expected to bring forth some sort of punishment for the 32 year old.