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Richmond-based CarMax yanks Clippers sponsorship

Posted at 1:06 PM, Apr 28, 2014
and last updated 2014-04-29 01:24:30-04

NEW YORK (CNNMoney) -- The sponsor backlash against Los Angeles Clippers' owner Donald Sterling has begun.

Richmond-based CarMax, an online marketplace for buying cars, said Monday it was ending its sponsorship with the NBA's Clippers following allegations of racist comments by team owner Sterling.