2 ms·
If there's time left on the deal, but the arena would rather not keep the stinky association, can't they sell a new naming rights deal today, and send a portion
by function_seven 4y ago
If there's time left on the deal, but the arena would rather not keep the stinky association, can't they sell a new naming rights deal today, and send a portion of the new proceeds from that to FTX?
In a way it would be another asset for the bankruptcy liquidator to disperse.
- enkid 4y agoAlternatively, can FTX sell the naming rights (with the approval of the arena)
- function_seven 4y agoYeah that makes more sense. They have the asset (rights through 2040). Would be pretty funny if it turns out that these naming rights are the single most valuable asset they own today. I just looked up a similar situation from 20 years ago[0,1]. [0] https://www.nytimes.com/2002/02/28/sports/baseball-astros-ballpark-no-longer-enron-field.html https://www.nytimes.com/2002/02/28/sports/baseball-astros-ba... [1] https://www.wsj.com/articles/SB1014832920627596080 https://www.wsj.com/articles/SB1014832920627596080