Any concerns that Michael Phelps may have held over the future of his endorsements and ability to compete in the 2012 Olympics have been laid to rest, after several sponsors and the International Olympic Committee released statements supporting the gold medal winner.
Phelps’ sponsor Speedo has released the following statement supporting the 23-year-old Olympian: “In light of Michael Phelps’ statement yesterday, Speedo would like to make it clear that it does not condone such behavior and we know that Michael truly regrets his actions. Michael Phelps is a valued member of the Speedo team and a great champion. We will do all that we can to support him and his family.”
Soon after, the luxury Swiss watchmaker released a statement saying, “The current story in the press involves Michael Phelps’ private life and is, as far as Omega is concerned,a non-issue.”
Under World Anti-Doping Agency rules, Phelps is held to their standards only during competition, so the International Olympic Committee has also thrown their support behind the swimmer.
“Michael Phelps is a great Olympic champion,” they said in a statement.
“He apologized for his inappropriate behavior. We have no reason to doubt his sincerity and his commitment to continue to act as a role model.”