The Stadium Curse – ‘FTX Arena’ Joins the List of Stadiums and Arenas Named after Busted Companies
FTX Arena joins the long list of stadiums and arenas named after companies that have gone bust. It’s a curse.
In yesterday’s complaint from the Commodity Futures Trading Commission against FTX, it’s noted that FTX did much over the past couple of years to promote its name.
The Commodity Futures Trading Commission complaint v. FTX et al. provides an excellent narrative of the embezzlement mechanisms used to cover up fraud and reckless speculation. Click on the link to download the complaint.https://t.co/u8dnIo52nr pic.twitter.com/DUl8JHmiuD
— Bob Bishop – Forensic Investigator (@BobBish40288847) December 14, 2022
In the complaint, the CFTC notes that an arena in Miami was named after the company.
The FTX Arena is where the Miami Heat play basketball. The Arena still shares this on its website:
Miami’s FTX Arena is an international, versatile venue in a vibrant waterfront setting that showcases world-class and sophisticated events. Located in Downtown Miami on the waterfront of Biscayne Bay, the Arena is positioned between the skyline of the city, the beautiful beaches and the nightlife of South Beach.
FTX.us is a young and exciting crypto currency exchange that continues to grow at lightning speed. The company seeks to offer US traders a platform that inspires their loyalty, as well as expand access to a new generation of financial tools and services to people around the US and across the world.
Located in the center of booming Downtown Miami and the Entertainment District, FTX Arena hosts 80+ non-basketball events each year. Including A-list concerts, family shows, sporting events, National Conferences, and more.
It looks like the arena has some updates to make on its site.
Ironically this isn’t the first stadium or arena in the US to be named after a corporation that has gone bust.
Back in 2013, there was already a large list of arenas and stadiums named after companies long gone.
Air Canada Centre –
Enron Field –
The National Car Rental Center –
Trans World Dome
Known as the “Phone Booth” as it has passed from one telecommunications company to another, the MCI Center was owned by MCI WorldCom until the company went bankrupt in 2004. At the time, WorldCom’s bankruptcy filing was the largest in US history. The stadium has since become known as the Verizon Center after the telecom giant acquired what remained of Worldcom’s assets.
Pro Player Stadium
Joe Robbie Stadium, built in 1987, was renamed Pro Player Park, and later Pro Player Stadium after a subsidiary of Fruit of the Loom won naming rights. Although Fruit of the Loom filed for Chapter 11 bankruptcy protection in 1999, Pro Player remained the name of the park until 2005, despite the brand’s corporate liquidation in 2001.
Wachovia acquired the stadium’s naming rights in 2003 after absorbing First Union Bank. Then, in the midst of the credit crisis, Wachovia was purchased by Wells Fargo in 2008.
The above list was only through 2013. We can now add FTX Arena to the list.
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