Used car dealership chain CarMax and airline Virgin America jumped ship as sponsors of the Los Angeles Clippers on Monday as advertisers pondered their partnerships with the team in the wake of racist remarks allegedly made by owner Donald Sterling.

"CarMax finds the statements attributed to the Clippers' owner completely unacceptable," the company said in a statement through public relations manager Catherine Gryp on Monday. "These views directly conflict with CarMax's culture of respect for all individuals. While we have been a proud Clippers sponsor for nine years and support the team, fans and community, these statements necessitate that CarMax end its sponsorship."

Virgin America said in a statement that it was cutting ties with the team "while we continue to support the fans and the players."

State Farm, Kia Motors America and Red Bull have condemned the alleged remarks, and said they will suspend their sponsorship and advertising obligations, closely monitor the situation and assess their options.

The comments allegedly made by Sterling were to his girlfriend, V. Stiviano, on an audio recording obtained and released by TMZ. The man making the comments urged Stiviano not to bring black friends to Clippers games.

"It bothers me a lot that you want to broadcast that you're associating with black people. Do you have to?" the man believed to be Sterling says. He continues, "You can sleep with [black people]. You can bring them in. You can do whatever you want. The little I ask you is not to promote it on that ... and not to bring them to my games."

The NBA and the Clippers are investigating -- including whether the male voice on the recording is in fact Sterling's -- and the league will hold a news conference Tuesday in New York to announce "additional details" regarding the matter.