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UPDATED: Red Bull, Mercedes-Benz, Sprint and Corona stated that they are halting their agreements with the Los Angeles Clippers, too, according to reports this afternoon.
The racist rants by Los Angeles Clippers owner Donald Sterling are starting to have big financial repercussions.
CarMax was one of the first to reveal today that it is no longer sponsoring the basketball franchise, which is currently participating in the National Basketball Association playoffs. By early afternoon, TMZ.com reported that Clippers advertisers Virgin America and Kia followed suit, while HuffPost said AQUAhydrate was doing the same.