4 ms·

Here's the link: https://www.miamidade.gov/govaction/legistarfiles/Matters/Y2021/210751.pdf https://www.miamidade.gov/govaction/legistarfiles/Matters/Y2... Ca

by SilasX 4y ago

Here's the link: https://www.miamidade.gov/govaction/legistarfiles/Matters/Y2021/210751.pdf https://www.miamidade.gov/govaction/legistarfiles/Matters/Y2... Can't parse the full implications at the moment, but in any remotely sane contract, missing a payment (the next one is due in January according to TFA) would trigger termination of the naming rights, esp if the penalty isn't paid (which FTX can't do).

kadoban 4y ago
> After FTX filed for bankruptcy protection on Nov. 11, a judge issued a "stay" order that prevents any entity from acting against the company, which includes Miami-Dade's desired termination of its sponsorship agreement. From the article, this sounds like the relevant part. I'm thinking this means that the contract itself says they can rename, but they have to ask the judge to make sure or they could run afoul of the bankruptcy order?