FTX Arena, the sports stadium in South Florida that the NBA's Miami Heat calls home, will now be called Miami-Dade Arena, the team said Friday.
Scrubbing the FTX name from the massive multipurpose venue will take time. The arena has FTX branding on its roof, court and hallway entrances, as well as on polo shirts worn by security personnel and electronic cards used to access the building.
Miami-Dade county officials asked for its FTX naming rights deal to be ended in November, saying at the time that continuing to refer to the building as FTX Arena would only add to the"enduring hardships" brought on by theFTX founder Sam Bankman-Fried, who stepped down as CEO in November, has been in and out of court in recent weeks after federal prosecutors charged him with money-laundering and fraud.
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