Miami Heat’s home arena will get new name following FTX collapse
by Agencies from US news | The Guardian on (#65R6X)
- Heat to cut ties with bankrupt FTX and will rename arena
- Miami's home court had been called FTX Arena since 2021
The arena where the Miami Heat play will soon have a new name, after the team and Miami-Dade County decided Friday to terminate their relationship with FTX on the same day the cryptocurrency exchange filed for bankruptcy.
The building had been called FTX Arena since June 2021, and a 19-year, $135m sponsorship agreement between FTX and the county was just getting started.
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