NEW YORK (TheStreet) -- Donald Sterling, the Los Angeles Clippers owner barred for life on Tuesday from the National Basketball Association, apparently has no plans to apologize for alleged racist remarks captured on an audio recorder, or sell the team.
Sterling's intransigence comes after up to 12 team sponsors said earlier this week that they were suspending or terminating sponsorships with the Clippers following the leaked of the recording by the website TMZ, a unit of Time Warner (TWX).
The first sponsor to cut tied with Sterlings' Clippers was national auto dealership CarMax (KMX). CarMax said the comments attributed to Sterling are in "direct conflict" with its culture of respect for all individuals.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV