Another FTX Stadium Naming Rights Deal Bites the Dust Amid Bankruptcy Proceedings: Report

Another FTX Stadium Naming Rights Deal Bites the Dust Amid Bankruptcy Proceedings: Report


Another high-profile FTX stadium naming rights deal is reportedly cratering amid the exchange’s meltdown and bankruptcy.

Front Office Sports reports that the University of California, Berkeley, has suspended its partnership with FTX, which owned naming rights to the football field at California Memorial Stadium since August 2021.

UC Berkeley isn’t the first sports partner to back away from the exchange. Last week, Miami-Dade County and the Miami Heat announced they would be taking steps to terminate their relationship with FTX. The exchange had previously secured naming rights to the Heat’s basketball arena in March 2021 after agreeing to a 19-year partnership.

Trending: Mysterious 80-Foot Structure Unearthed By Hurricanes Near Famous Florida Beach

FTX filed for bankruptcy earlier this month amid accusations that the exchange’s high-profile former CEO, Sam Bankman-Fried, mishandled the firm’s funds by loaning out billions

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend