Earnhardt Jr., Hendrick Motorsports Losing Sponsorship

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Earnhardt Jr., Hendrick Motorsports Losing Sponsorship
John Harrelson/Getty Images

Dale Earnhardt Jr. and his Hendrick Motorsports team are losing 15 races of sponsorship next season as PepsiCo plans to cut back its sponsorship, according to the SportsBusiness Journal. PepsiCo committed to sponsoring Earnhardt for 20 races in 2012.

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