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Daily Mirror
Daily Mirror
Sport
Andrew Gamble

Miami Heat's arena could be sponsored by strip club after crypto company collapses

Heat Miami Heat FTX Miami Crypto

NBA franchise Miami Heat have received a crude offer to name their stadium after a strip club following the financial collapse of previous rights holder FTX.

Last Friday, FTX filed for bankruptcy to conclude a difficult few days for the cryptocurrency exchange. The company’s CEO and founder, Sam Bankman-Fried, resigned after the firm - which has lost billions - inquired regarding bankruptcy protection.

The Heat had signed a lucrative long-term deal to name their stadium after FTX only for the cryptocurrency firm to file for bankruptcy. Miami’s stadium will no longer bear its name despite a 19-year, $135million (£113.5m) deal signed last year, which led to the building being known as the FTX Arena since June 2021.

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