FTX Arena Deal Spurs Miami-Dade Warning About Need to Pay Up
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Miami-Dade County will explore “all legal remedies” if FTX.com, the beleaguered crypto exchange, can’t meet its obligations as part of a 19-year agreement for naming rights to the arena where the NBA’s Miami Heat play.
Miami-Dade “is currently reviewing and gathering information about FTX’s financial situation and possible next steps,” a spokesman for the county, which negotiated the transaction, said in an emailed statement.