Assuming someone is homosexual is stupid. Proof or shut up. That's like me saying he is actually a pedophile and started the story to distract from that. Or me saying he's into bestiality and started the story to distract from that.
Please stop assuming everyone is homosexual.
First of all, homosexuality isn't like pedophilia or bestiality.
Second, finding a "beard" is classic behavior for a closeted homosexual. (Hell, I had a buddy in the Army pay a hooker $500 to say she fugged him to quell rumors.)
Third, everybody is in full speculation mode. Fugged up but completely normal.
& last but certainly not least, it is ironically one of the few things that could save his career right now.