The FTX Arena, home of the Miami Heat, has become the latest sports arena hit with the naming-rights curse.
Cryptocurrency platform FTX filed for bankruptcy protection Friday, joining a list of once-highflying companies that ran into financial trouble after signing naming-rights deals for stadiums and arenas. FTX plunged into financial turmoil over the course of a week, leading to the resignation of Chief Executive Sam Bankman-Fried. The company said it would begin a process to review and monetize assets for stakeholders.
