Olympic swimmer Michael Phelps yesterday on Feb. 11 issued a video apology customized to his Chinese fans.  The eight gold medals winner at the Beijing Olympic was caught somking marijuana during a student party by a British newspaper. 

Phelps has already signed endorsement deals with brands including Speedo swimwear, Omega watches, Visa Inc, Subway sandwiches and Hilton Hotels Corp and Rosetta Stone. Kellogg, the world’s largest cereal maker, said on last Thursday that they will not extend a contract with him.

The American swimmer just inked a seven-figure endorsement deal with Mazda this January to be their spokesperson of Mazda 6 model. And DMG Entertainment, the company who brokered the deal told media they’re standing with Michael. 

Related Reads:

• Reuters:  Phelps apologises for ‘inappropriate’ conduct
• edmunds:  Swimmer Michael Phelps Appears Secure in Chinese Mazda Ad Deal Despite Marijuana Scandal

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