After the financial failure of cryptocurrency firm FTX, the Miami Heat’s stadium will no longer bear its name, despite signing a 19-year, $135 million deal last year. The team announced Friday that it is looking for a new stadium sponsorship partner.
“The reports about FTX and its affiliates are extremely disappointing. Miami-Dade County and the Miami Heat are taking immediate steps to terminate our business with FTX, and we will be working together to find a new naming rights partner for the arena,” the statement said.
Miami-Dade County and the Miami HEAT have released the following statement pic.twitter.com/ERZo1IsZ2o
? Miami HEAT (@MiamiHEAT) November 12, 2022
Porn site says its bid still stands
Before FTX struck a deal with the Heat, adult website Bang Bros. offered $10 million for the naming rights, and now that the team is done with FTX, it tweeted again that the offer is still on the table.
In a tweet, Bang Bros posted two images of the stadium as seen from above, one with the caption “Bankrupt” across the picture, and with an “Oooppsssss…” as a comment. And just below the image, one of what the stadium roof would look like with the website’s logo, and the phrases “But hey, our offer still stands” and “We promise less people will get f****ed“
They later posted a tweet noting, “In light of the FTX news, our offer remains to purchase the naming rights to the FTX Arena. Miami needs The Bang Bros Center!“.
#BangBrosCenterpic.twitter.com/QzCvjO6NUA
? BANG BROS (@BangBrosDotCom1) November 12, 2022
The other cryptocurrency-sponsored arena remains firm
The other arena named after a cryptocurrency company is Crypto.com, which last year bought the naming rights to the former Staples Center (home of the Los Angeles Lakers) for $700 million.
Meanwhile, Miami Heat has a 5-7 record, in third place in the NBA’s southeast division, behind Atlanta and Washington.
In regards to the news about @FTX_Official , our offer still stands to buy naming rights of the FTX Arena off of you. Miami needs The Bang Bros Center! https://t.co/pZEtTltEvn
? BANG BROS (@BangBrosDotCom1) November 11, 2022
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