Miami Heat end naming-rights deal with embattled crypto company FTX

The county, which owns the arena, struck a 19-year, $135 million sponsorship deal with FTX in March 2021 and renamed the stadium FTX Arena in June.

On Friday, FTX CEO Sam Bankman-Fried stepped down from his position as the company filed for Chapter 11 bankruptcy, after scrambling to shore up an $8 billion liquidity crisis that has left investors unable to claim their funds. “The reports about FTX and its affiliates are extremely disappointing,” a joint statement from the county and team read. “Miami-Dade County and the Miami HEAT are immediately taking action to terminate our business relationships with FTX, and we will be working together to find a new naming rights partner for the arena.”Miami-Dade County and the Miami HEAT have released the following statement

Binance Arena would be some elite trolling cz_binance binance MiamiHeat

Scam Arena

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

NBA's Miami Heat to terminate relationship with FTX, will get new arena name | CNN BusinessNBA's Miami Heat and Miami-Dade County have terminated their relationship with bankrupt cryptocurrency exchange FTX and will search for a new naming rights partner for their arena in downtown Miami. Lol no shit?!! Its crazy how fast people get dropped Thanks, I’ve been thinking a lot about logos (real, faked & value: real or not) as a brand PR experience way of meditating re: this FTX mess in news. Via first no om crypto as no FDIC insured status check like banks. And then Enron given creds of who handling FTX. Now this,
Source: CNN - 🏆 4. / 95 Read more »