The NBA giant Miami Heat officially ends the name law contract with FTX

The NBA giant Miami Heat officially ends the name law contract with FTX

One of the most successful NBA teams-Miami Heat-finally terminated his partnership with the FTX cryptocurrency exchange.

The home stadium of the basketball giant will therefore no longer be called ftx arena.

Cut all ties

officially a federal bankruptcy judge canceled The cooperation between Miami-Dade County (the area department in which the NBA team is located) and ftx. The judgment stipulates that Miami Heat can remove the initials of the platform from its facility.

The basketball team and FTX began their partnership in March 2021 after Color A 135-million dollar agreement. Miami Heat rened his home stadium of Americanirlines Arena in FTX Arena and promised to promote the trading center during his NBA games.

However, the collaboration between the two companies disappeared in November 2022 (shortly after the trading center applied for insolvency protection). At that time, Miami Heat described FTX's decline as "extremely disappointing" and explained that the relationship would be permanently ended.

The new name of the arena is not yet known. Several reports from the end of last year indicated that the entertainment company for adults bang bros offered for a name law contract with the Miami Heat.

While the National Basketball Association has positioned itself as a progressive league that is collected with all possible companies, some doubt that "The Heat" will select a porn page as the next partner.

Others hurry to end agreements with ftx

Golden State Warriors-Another prominent NBA team- suspended for short, short, short after the platform had uncovered its liquidity problems.

The Mercedes-AMG Petronas F1 team first supported the struck company and said that the FTX logo would not remove its racing car. Nevertheless, she joined the others in November and terminated the agreement.

"As a first step, we have exposed our partnership agreement with FTX. This means that the company will no longer appear on our racing car and other branded items from this weekend. We will continue to observe the development of the situation," said Mercedes.

Toto Wolff-CEO of the F1 team-said that the FTX bankruptcy and the "deficit of eight billion dollars" showed that global regulatory authorities have to impose relevant rules to prevent future crises.

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