Olympic swimming champion Michael Phelps admits "regrettable" behavior after a picture surfaced showing him smoking marijuana. The eight time gold medallist at the Beijing games issued an official statement saying:
“I engaged in behavior which was regrettable and demonstrated bad judgment. I’m 23-years-old, and despite the successes I have had in the pool, I acted in a youthful and inappropriate way, not in a manner that people have come to expect from me. For this, I am sorry. I promise my fans and the public – it will not happen again.”
Update: Here is the U.S. Olympic Committee Statement Regarding Michael Phelps:
"We are disappointed in the behavior recently exhibited by Michael Phelps. Michael is a role model, and he is well aware of the responsibilities and accountability that come with setting a positive example for others, particularly young people. In this instance, regrettably, he failed to fulfill those responsibilities. Michael has acknowledged that he made a mistake and apologized for his actions. We are confident that, going forward, Michael will consistently set the type of example we all expect from a great Olympic champion."
From USA Swimming came this statement:
"We are certainly disappointed in Michael's behavior. Our Olympic champions are role models who are looked up to by people of all ages, especially young athletes who have their own aspirations and dreams."
Here is Speedo's statement:
"In light of Michael Phelps statement today, 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."
AP contributed to this report.