After the financial breakdown of cryptocurrency firm FTX, the Miami Heat’s stadium will not be bearing the name, irrespective of signing a 19-year $135 million deal the previous year. The team declared on Friday that it’s up for a new stadium sponsorship partner.
What did the statement read?
A statement from them read,
“The reports about FTX and its affiliates are extremely disappointing. Miami-Dade County and the Miami Heat are taking immediate steps to terminate our businesses with FTX, and we will be working together to find a new naming rights partner for the arena.”
The adult site says its bid for Miami Heat still stands
Before FTX hit a deal with Heat, adult site Bang Bros offered $ 10 million towards the naming rights and now the team has wrapped up with FTX, it retweeted that the offer is still on.
Taking to the tweeter account, Bang Bros posted two images of the stadium. One comes with the caption “Bankrupt” and an “Oooppssss” as a comment. And just below the image comes one of how the stadium roof will look including the website’s logo with the phrases, “But hey, our offer still stands” and “We promise fewer people will get f****ed.”
Later they tweeted, “In light of the FTX news, our offer remains to purchase the naming rights to the FTX Arena. Miami needs The Bang Bros Center!”
The other cryptocurrency-sponsored arena stays strong
Another arena named after a cryptocurrency firm is Crypto.com. Last year, it bought the naming rights to the former Staples Center for $700 million. It’s the home to the Los Angeles Lakers.
Again, Miami Heat includes a 5-7 record, in third place in the NBA’s southeast division, standing behind Atlanta and Washington.