Miami Heat terminates relationship with FTX, voiding their arena naming rights

[{"selector":"#anim-3b8dc694-f4f1-431b-af9a-d9647d011845 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-e8c1fb0c-ea7d-4cbc-8e00-bb9bdb33ec7d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cade9a8e-2d97-439a-a0d6-a32476f78ea7","keyframes":{"transform":["translate3d(0px, 29.24123%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e2c21768-0d0a-4b48-82f5-3cff6114049e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a60820ff-936a-4980-ab9c-a66a1b75c407","keyframes":{"transform":["translate3d(0px, 220.65964%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Miami-Dade county owns the Miami Heat's homecourt arena and manages it for the team.

[{"selector":"#anim-f3285b61-9b5b-4334-aa38-e4df32b07c57 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-3.176470567961225%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-e734e9bd-1657-4211-881c-2e4942f1ccd2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-05342457-196a-45cc-84bb-8d2f0884ff94","keyframes":{"transform":["translate3d(0px, 29.24123%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-da04e28c-7b17-4c6d-8bac-a70932575c75","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2b46ce25-d6f1-4342-911a-a10620052c6d","keyframes":{"transform":["translate3d(0px, 201.90972%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The county signed a $113 million deal with cryptocurrency firm FTX, renting the naming rights to the organization.

[{"selector":"#anim-e7e9c549-dde2-4e07-a1c6-100bddd8eb70 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-28d46562-f9b8-4b6d-b995-39c77daca586","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7a207750-c612-4a10-ab83-7654716c5dcc","keyframes":{"transform":["translate3d(0px, 29.24123%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a1d1dca7-6da6-468f-8deb-85590c52f544","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1aaca08c-e52c-4116-8ca6-4df631304a9f","keyframes":{"transform":["translate3d(0px, 150.25841%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] This multimillion dollar deal gave FTX the naming rights of the Arena for a term of 19 years, changing the name of the arena to FTX Arena.

[{"selector":"#anim-38d2144e-29bb-4a56-89d3-0f183c73c132 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-3.552713678800501e-15%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-b9b5791c-a9f2-4d93-a8ca-c9eb2d2fe5ea","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9b6da5da-5ec0-4f40-921a-b33600df7249","keyframes":{"transform":["translate3d(0px, 29.24123%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-98a0503f-bf14-48a8-a775-31086ad40755","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7bc85de1-d7f0-4206-8526-8e36ab121149","keyframes":{"transform":["translate3d(0px, 201.90972%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] FTX paid $14 million upfront for this name change and was scheduled to pay another $5.5 million in January.

[{"selector":"#anim-72e231e3-5a58-4c68-ab38-ff870273d389 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(16.89177106403077%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-a922a047-47e5-43e9-8407-967fc9d80606","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-aa3314b6-7fa7-4732-8855-360a5bd2acea","keyframes":{"transform":["translate3d(0px, 29.24123%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c62bc331-10b0-47ec-b69d-610adb06f234","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-65b419d9-0d05-4626-8a43-7dff33bc88d2","keyframes":{"transform":["translate3d(0px, 201.90972%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] However, the cryptocurrency firm filed for bankruptcy following their $1 billion missing funds.

[{"selector":"#anim-3b8474ad-2251-494f-b140-f2cf58a9d201 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0.6802670798889743%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-38bda3d5-4d65-4a4b-850e-bd01e9e5ee50","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d73b477d-66a0-44ed-9dfc-3c706fbb5cca","keyframes":{"transform":["translate3d(0px, 29.24123%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cbda8320-00c1-404e-bdfd-2bee33290ba8","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9652bdcf-d859-435a-be46-f722e6921ec9","keyframes":{"transform":["translate3d(0px, 201.90972%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] In response to this, Miami Heat and the county made a joint statement on the case and cut ties with FTX.

[{"selector":"#anim-981103fd-0af4-4110-b7c6-6084e46056a1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-6065c394-bad2-4e0a-839c-f2f115cd004b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ced645bc-8fc6-41c6-b25e-88bd70feba86","keyframes":{"transform":["translate3d(0px, 29.24123%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bab90075-16d5-4f19-a6e8-05bb307907cf","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4478ec07-cdd8-40b9-b11e-3da05b2e4caa","keyframes":{"transform":["translate3d(0px, 201.90972%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] They said: "The reports about FTX and its affiliates are extremely disappointing,"

[{"selector":"#anim-0379be70-531a-4b35-84a0-6ef0a9d77bb2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(5.218487361650578%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-bd607780-d480-4fb4-940f-3ffd4c5fc33e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-92975135-32d6-4484-8994-4e6a86618a46","keyframes":{"transform":["translate3d(0px, 31.23873%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a6fc93e8-9f07-43e3-9035-002348cc3ca5","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4e4191b0-3c0b-4467-a5c3-aeae7db0080e","keyframes":{"transform":["translate3d(0px, 152.54408%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] "Miami-Dade County and the Miami HEAT are immediately taking action to terminate our business relationships with FTX. We will be working together to find a new naming rights partner for the arena."

WWE RAW Results (7th November 2022)