Aafter the financial failure of FTX cryptocurrency companythe Miami Heat stadium will no longer bear his name, despite the signing of a 19-year, $135 million deal last year. The team announced on Friday that it was looking for a new stadium sponsorship partner.
“Reports on FTX and its affiliates are extremely disappointing. Miami-Dade County and the Miami Heat are taking immediate action to end our business with FTXand we will work together to find a new partner for arena naming rights,“said the press release.
Miami-Dade County and the Miami HEAT released the following statement pic.twitter.com/ERZo1IsZ2o
? Miami HEAT (@MiamiHEAT) November 12, 2022
Porn site says their offer still stands
Before FTX made a deal with the Heat, Bang Bros adult site. Free $10 million for naming rightsand now that the team is done with FTX, they tweeted again that the offer is still on the table.
In a tweet, Bang Bros posted two images of the stadium seen from above, one with the caption “Bankruptcy” on the image, and with an “Ooopsssss…” as a comment. And just below the picture, one of that stadium roof would look like the site logoand the phrases “But hey, our offer still stands” and “We promise fewer people will get screwed“
They later posted a tweet noting, “In light of the news from FTX, our offer remains for purchase the naming rights of the FTX Arena. Miami needs the Bang Bros Center!“.
? BANG BROS (@BangBrosDotCom1) November 12, 2022
The Other Cryptocurrency Sponsored Arena Stands Firm
The other arena named after a cryptocurrency company is Crypto.com, who last year bought the naming rights of the old Staples Center (home of Los Angeles Lakers) for $700 million.
Meanwhile, Miami Heat has a 5-7 record, in third place in the NBA Southeast Divisionbehind Atlanta and Washington.
Regarding news about @FTX_Official , our offer is still valid to buy you the naming rights of the FTX Arena. Miami needs the Bang Bros Center! https://t.co/pZEtTltEvn
? BANG BROS (@BangBrosDotCom1) November 11, 2022