In the wake of FTX’s complete collapse, FTX Arena is changing names to Miami-Dade Arena. The decision comes after both the NBA’s Miami Heat and Miami-Dade County decided to re-brand the stadium to avoid hardships from FTX’s bankruptcy, as the case makes rounds in court.
The initial deal with FTX saw the Miami Heat receiving $2 million annually. Now they’ll be working to find another naming rights partner to recoup the funds (see complete joint statement below).
“When the news first broke about FTX several weeks ago, Miami-Dade County took immediate legal action to terminate our business relationship with FTX. On…
