Miami Heat Finally Rids Its Arena of FTX Branding

NEW YEAR, NEW ME

Alec Karam

Published Jan. 11, 2023 3:23PM EST

Megan Briggs/Getty Images

The FTX arena is no more. As the crypto exchange faces a disastrous collapse, and founder Sam Bankman-Fried battles charges of lying to investors and stealing billions of dollars, a federal bankruptcy judge has terminated the naming-rights agreement between the company and Miami-Dade county. The Wednesday ruling ends a $135 million sponsorship deal that put FTX}s name on the Miami Heat court and the logo atop the arena. Miami-Dade will remove any mention of FTX from the arena, retroactively ending the deal on Dec. 31.

Read it at Miami Herald

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Miami Heat Finally Rids Its Arena of FTX Branding

Alec Karam

Megan Briggs/Getty Images