FTX Arena Getting A Name Change After Just 19 Months

Update: A county spokesperson told the Herald that the name of the venue will be The Arena.

Removal of the FTX logo will not be a quick process, the report said.

 

FTX Arena is being renamed, according to the Herald.

The company had filed for bankruptcy in recent months.

Both FTX and Miami-Dade had already both agreed that the naming deal should end, and a bankruptcy judge approved the termination this morning, the paper reported.

Miami-Dade County commissioners had approved the naming agreement in 2021, voting to accept just $135 million over 19 years.

Of that, $90 million was to go to the county (the remainder was to the agent that negotiated the deal, and to the Heat subsidiary that managed the arena).

Part of the proceeds was to have been divided to commissioners to use in their districts, for programs such as anti-gun violence and anti-poverty initiatives.

Just months after the Miami-Dade deal was signed, Crypto.com reportedly purchased the naming rights to the Los Angeles Laker’s arena for $700 million over 20 years.

 

(photo: Phillip Pessar)

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Anonymous
26 days ago

Can American Airline come back?

Anonymous
26 days ago

So….what’s the new name?

Anonymous
26 days ago

The Goya Arena!

Anonymous
26 days ago

The Gaya Arena

anonlatino
25 days ago

all the gentrifiers downvoting this smh

Start Your Engines
26 days ago

Ru Paul Drag Race Arena

MiamiRob
20 days ago

At least RuPaul has a track record and a successful business!

Sgt Sapingo
25 days ago

Here we go again.

None of your business
26 days ago

Citadel Arena would be appropriate. Ken this is your chance to really make a statement in your new home city!!

Ken’s Our Guy
26 days ago

Yes! With a historic renovation of Brickell border Jose Martí Park.

Bruno
26 days ago

He already has.

anonlatino
25 days ago

this is not his home city.

Anonymous
19 days ago

He was born and raised in Daytona Beach, so he has Florida bonafides.

Anonymous
26 days ago

Amazon Arena would sound great. Along with an HQ here.

Anonymous
26 days ago

Don’t know if you got the memo 5 years ago but it’s not happening

Anonymous
26 days ago

Things change

Anonymous
26 days ago

yeah, like Amazon now being busy laying off like half their workforce. keep dreaming

Anonymous
25 days ago

Amazon had like a little of a million employees WW not too long ago. I don’t think 10-18K is quite approaching half. Stop the hyperbole as if it makes you seem smart.

Melo, the true giga chad
26 days ago

Palacio De Jugos?

That Guy
26 days ago

Name it Miami Arena.

Melo is sigma and Chad
26 days ago

Come on American Airlines, bid for the name again.

user220398454884521745
26 days ago

OnlyFans Arena; attantion grabbing, would set us apart, and comical.

Anonymous
26 days ago

Right, because until five years ago, Miami was still called a joke and who’s laughing now. Like we want anything else comical, or smutty…

Anonymous
24 days ago

Was almost the Bang Bros Arena, Only Fans Arena has a nice ring to it.

BDub
26 days ago

Is Booby Brothers Center still in the running?

Why did we need to pay tens of mills to an agent?
26 days ago

45 million dollars to an “agent” for negotiating a deal with a fraudulent crypto fraudster. Hope that agent wasn’t negotiating on the city’s behalf with our collective tax money?

Anonymous
24 days ago

I’m surprised that Carnival Cruises doesn’t do anything to jump in there as a placeholder since the Owner of the team is also the owner of the Cruise line, which has its main port directly next to the stadium…. It would also be a total BDE, in-your-face move, if Royal or Norwegian bought the naming rights to their competitor’s arena.

Anonymous
25 days ago

Not sure if I am confusing this with the Hard Rock Stadium when that arena was looking for a new naming sponsor a couple of years back, but wasn’t both Qatar Airways and Turkish Airlines interested in being a naming sponsor for sporting arenas in Miami recently? Would be quite the change to go from AAA to FTX to ultimately being called something along the likes of Turkish Airlines Arena or the sort…

Anonymous
24 days ago

AutoNation Arena… FPL Arena? How about a local sponsor this time?

Anonymous
19 days ago

Liz Truss Memorial Arena

Anonymous
26 days ago

I think NY should sponsor the name since they are all here.

MINDSET
26 days ago

You mean, they’re the ones washing up on the shores down there in the Keys?

Anonymous
26 days ago

No they’re the rich ones moving in contributing to our tax base

anonlatino
25 days ago

you mean the ones gentrifying our city and messing with the natural growth that was happening pre-pandemic where a nice apartment would only set you back $2500

Literally
25 days ago

Loan Depot II Arena

wanderer34
26 days ago

Bring back American Airlines Arena!

Anonymous
25 days ago

Only if American Airlines bring back their naming rights checks.

Not Eric Reid
26 days ago

I vote Big Daddy’s Center, c’mon Flanigan’s, make it local!

Anonymous
26 days ago

Flanigans doesn’t have the 9 figure naming rights money.

Not Anonymous
26 days ago

I think that a Latin-American or local company should sponsor the arena, such as Santander or Royal Caribbean, or an up-and coming tech company. A sponsor like those would celebrate the culture of the city, instead of the arena being sponsored by a boring insurance company or airline.

Anonymously Anonymous
26 days ago

doubt Royal Caribbean would be a sponsor to an arena housing a team owned by Carnival Corp’s Micky Arison

Not Anonymous
26 days ago

It was an example, but I agree.

Anonymous
26 days ago

the naming rights benefit the team so Mickey Arison will take it wherever it comes from.

Anonymous
25 days ago

not if it promotes the largest competitor to his main business interest.

anonymous
26 days ago

I could care less what company wants to put their name on the arena. Ideally you get the highest value possible since some of the money goes to the county from the company that is stable enough to pay the terms of the deal

Anonymous
26 days ago

This is not about culture it’s about money. Locals don’t care anyways. I know people who still call hard rock joe Robbie stadium. And I’ll still call this place the AAA

Biggie
26 days ago

FLANIGANS ARENA!!!!

Anonymous
26 days ago

Carnival Cruise Center

ANON
26 days ago

Santander is not Latin-American.

Not Anonymous
25 days ago

It is Hispanic, being a Spanish company, and many people in the city use the bank.

Anonymous
26 days ago

American Airlines is a major MIA hub and provided thousands of jobs for area residents… and you want some LatAm subsidiary or Pollo f-ing Tropical?

anonlatino
25 days ago

Banesco arena >> AA

Mr Ponzi
26 days ago

I assume the letters will be auctioned on Ebay.

Anonymous
26 days ago

Apple Music Arena

anonlatino
25 days ago

spotify better