• Loading stock data...
Wednesday, September 17, 2025
    More
    Deals

    Miami-Dade Looks at ‘Possible Next Steps’ for FTX Arena Naming Rights Deal

    • Binance backed out of a deal to purchase FTX amid a run on the digital asset trading platform on Wednesday.
    • Miami-Dade County officials who negotiated a 19-year, $135 million contract hinted at legal action.
    By
    Nov 10, 2022 | 12:42 pm
    UPDATED Nov 10, 2022 | 03:26 pm
    FTX Arena

    Miami-Dade County officials who negotiated a 19-year, $135 million contract with FTX hinted at legal action if the crypto exchange is unable to meet obligations for the naming rights of the Miami Heat’s home arena. 

    Binance backed out of a deal to purchase FTX amid a run on the digital asset trading platform on Wednesday, putting the rights deal for FTX Arena and other sports-related partnerships in question. 

    “This is an evolving situation, and Miami-Dade County is currently reviewing and gathering information about FTX’s financial situation and possible next steps,” a spokesperson for Miami-Dade County Mayor Daniella Levine Cava said in a statement to Front Office Sports on Thursday. 

    “Should FTX be unable to meet their financial obligations under the naming rights deal, the County will explore all legal remedies,” she added.

    Linkedin
    Whatsapp
    Copy Link
    Link Copied
    Link Copied

    What to Read
    by

    UEFA Delays Overseas Matches Ruling As LaLiga Miami Game Looms
    Barcelona-Villarreal is scheduled for late December at Hard Rock Stadium.
    Mar 3, 2025; Miami, Florida, USA; Miami Heat guard Terry Rozier (2) warms up prior to the game against the Washington Wizards at Kaseya Center.
    by

    Hornets Cancel Sports Betting Night Vs. Heat Over Terry Rozier Tie-In
    Terry Rozier is under federal investigation for point-shaving in a 2023 game when he was on the Hornets.
    by

    Trump’s Golf Empire Grows With 5th Big Tournament in 2 Years
    The DP World Tour is heading to Trump International Golf Links Ireland.
    Sep 6, 2025; Gainesville, Florida, USA; South Florida Bulls place kicker Nico Gramatica (7), South Florida Bulls long snapper Turner McLaughlin (48) and teammates celebrate after a game against the Florida Gators at Ben Hill Griffin Stadium.
    by

    USF Is the Newest Financial Underdog in the AP Top 25
    USF’s athletic department brings in half the amount Florida does.

    Featured Today

    Premier Lacrosse League
    by

    ‘The Circus Is Coming to Town’: Why Upstart Leagues Start on Tour
    In their ambitious plans, a traveling schedule is only temporary.
    PHILADELPHIA, PENNSYLVANIA - APRIL 19: A detailed view of the MLB Debut patch on the jersey of Patrick Monteverde #44 of the Miami Marlins prior to game against the Philadelphia Phillies at Citizens Bank Park on April 19, 2025 in Philadelphia, Pennsylvania.
    September 13, 2025

    The Tiny Jersey Patch at the Center of the MLB Rookie Card..
    Autographed cards containing a piece of baseball history have upended the market.
    September 11, 2025

    Eagles-Chiefs Super Bowl Rematch Could Set More NFL Ratings Records
    Fox will nationally televise Sunday afternoon’s matchup.
    September 10, 2025

    ESPN’s ‘MNF’ Ratings Up 8% As NFL Surges to Strong Start
    ESPN posts its second-best Week 1 “Monday Night Football” audience.

    More in Deals
    by and

    American Celebs Want to Be Sports Owners. Soccer Is Where They Start
    As U.S. team prices climb, investors set their sights abroad.
    June 24, 2025

    Timberwolves’ 4-Year Ownership Saga Ends As A-Rod, Lore Take Over
    The unanimous approval brought a clean end to a long-disputed transaction.
    Apr 26, 2025; San Francisco, California, USA; Houston Rockets guard Fred VanVleet (5) before game three of first round for the 2024 NBA Playoffs against the Golden State Warriors at Chase Center.
    June 25, 2025

    Rockets Get $20 Million in Wiggle Room From New VanVleet Deal
    VanVleet first signed with the Rockets in 2023.
    Sponsored

    How World Series Champ Dexter Fowler Became a Premier League Team Owner
    Dexter Fowler discusses navigating retirement and embracing new roles as an owner & investor.
    April 20, 2025

    Max Verstappen Linked to $300M Aston Martin Deal Ahead of Miami GP
    Aston Martin is currently seventh in the constructors championship.
    March 27, 2025

    Peyton Manning’s Omaha Productions Gets PE Boost
    The Hall of Famer’s company gains another prominent backer.
    March 20, 2025

    High School Sports Power Signs Eight-Figure Rights Deal in First
    The deal pays roughly $1 million annually, FOS has learned.
    March 20, 2025

    Maxx Crosby’s Agent: Edge Rushers Set to Dominate NFL’s Non-QB Market
    Maxx Crosby just signed a three-year, $106.5 million extension.