Crypto Stadium Naming Rights Under Scrutiny During Crypto Winter

0
6
By Tony Owusu FTX and Crpyto.com both have nine-figure deals for the naming rights to major sports stadiums. It was about a year ago when it was announced that Crypto.com would be taking over the naming rights for the sports and events arena in downtown Los Angeles formerly known as the Staples Center. There were mixed reactions from the fan side on the reported 20-year $700 million deal, with proponents praising the move as forward thinking for AEG, the company that owns the home of the Lakers and Kings. Detractors made fun of everything from the new name of the arena to Crypto.com itself. Wh…