Bankruptcy judge terminates FTX naming rights for Miami Heat arena: Miami Herald

Quick Take

  • A federal bankruptcy judge on Wednesday terminated FTX’s naming-rights deal with Miami-Dade county for the downtown arena where the NBA’s Miami Heat play, the Miami Herald reported.
  • Miami-Dade county will stop using the FTX name immediately and plans to remove all signs from the arena.

A federal bankruptcy judge on Wednesday terminated FTX's naming-rights deal with Miami-Dade county for the downtown arena where the NBA's Miami Heat play, the Miami Herald reported.

The order states that Miami-Dade county will stop using the FTX name immediately and plans to remove all signs from the arena, the paper said.

Officials in Miami-Dade County said in November that they would find a new naming rights partner and work to terminate business relationships with FTX after it filed for bankruptcy. Known as the FTX Arena since a $135 million naming rights deal was announced about two years ago, the complex sits in the heart of downtown Miami and also hosts non-basketball events.

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Spokespersons for Miami-Dade county and the Miami Heat did not immediately respond to emailed requests for comment.


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About Author

Nathan Crooks is the U.S managing editor at The Block, based in Miami. He was previously at Bloomberg News for 12 years, where he helmed coverage of South Florida after roles as a breaking news editor and bureau chief in Caracas, Venezuela. He's interviewed presidents, government ministers and CEOs, and, besides crypto, has covered major news events on the ground from earthquakes to hurricanes to the Chilean mine rescue in 2018. Nathan, a native of Clarion, Pennsylvania, holds a bachelor's degree from the University of Toronto, where he completed a specialist in political science, and an MBA from American University in Washington, D.C.

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