NBA's Miami Heat To Be Renamed After FTX Debacle

NBA’s Miami Heat and Miami-Dade County have terminated their relationship with FTX.

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This came just after FTX group earlier on Friday filed for bankruptcy.

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Miami Heat tweeted and said news regarding FTX was “extremely disappointing.”

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Also, they detailed that they will search for a new naming rights partner for their arena.

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The building has been called FTX Arena since June 2021.

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Also, a 19-year, $135 million sponsorship agreement between FTX and the county was just getting started.

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Mercedes also announced that it would remove the FTX logo from its Formula One cars.

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