Orlando Magic rebranded Arena Name

[BMR Genie]

To Kia Center.

https://twitter.com/i/web/status/1737476440117928180

 

[BMR Genie]

Hopefully, a free parking for all Kia car owners

 

[BobbyFK]

Hopefully, a free parking for all Kia car owners

One would think so

 

[JDS]

It was funny when a number of Arenas were branding their arenas after crypto exchanges lol could be a major fail overall.

 

[Tanko]

Surprised it took this long. I would have thought they wanted to get past the FTX stuff sooner.

 

[KVB]

Surprised it took this long. I would have thought they wanted to get past the FTX stuff sooner.

That was where the Heat played in Miami. FTX took over for American Airlines in 2019 but when FTX folded it became Miami-Dade Arena until it became Kaseya Center.

This arena was the Amway Center in Orlando for the past 13 years before becoming the Kia Center.

 

[JDS]

That was where the Heat played in Miami. FTX took over for American Airlines in 2019 but when FTX folded it became Miami-Dade Arena until it became Kaseya Center.

This arena was the Amway Center in Orlando for the past 13 years before becoming the Kia Center.

Is there any other stadiums or arenas that were tied to crypto exchanges that now are not ?

 

[theriver55]

Is there any other stadiums or arenas that were tied to crypto exchanges that now are not ?

think LA BBall arena was one. not certain.

 

[theriver55]

Is there any other stadiums or arenas that were tied to crypto exchanges that now are not ?

Crypto.com purchased the naming rights to Crypto.com Arena, previously known as the Staples Center, from Anschutz Entertainment Group (AEG) in 2021. Crypto.com paid $700 million to have its name grace the Lakers' stadium for 20 years. The Lakers are not the only team to play in the stadium.Jun 9, 2023

 

[theriver55]

I see now you asked if they are not now. That does not pertain to LA.

 

[JDS]

I see now you asked if they are not now. That does not pertain to LA.

No problem rivers.

 

[KVB]

Is there any other stadiums or arenas that were tied to crypto exchanges that now are not ?

I feel like Crypto.com and FTX were the only crypto stadium deals. Not sure of any others.

 

[JDS]

I feel like Crypto.com and FTX were the only crypto stadium deals. Not sure of any others.

Well then I take back my inaccurate statement only one example then.

 

[BMR Genie]

Lots and lots of money is involved just to win the bid.

 

[BobbyFK]

Speaking of renaming arenas I really wish this would have went through

https://www.si.com/nba/heat/miami-news/porn-site-once-again-submit-bid-to-miami-heat-for-stadium-naming-rights

 

[KVB]

Lots and lots of money is involved just to win the bid.

True, but it also depends on the nature of the business.

During the Dot.com bubble there were a lot of internet companies naming stadiums, then they folded.

Stadiums protect themselves now with the contracts so a crypto exchange, which isn't exactly a known stable business, was charged a lot more for naming rights as a risk managment sort of thing in case they can't fulfill the contract.

That's how I understood it.

 

[BMR Genie]

True, but it also depends on the nature of the business.

During the Dot.com bubble there were a lot of internet companies naming stadiums, then they folded.

Stadiums protect themselves now with the contracts so a crypto exchange, which isn't exactly a known stable business, was charged a lot more for naming rights as a risk managment sort of thing in case they can't fulfill the contract.

That's how I understood it.

That makes sense.

Dumb question though. The money paid for the naming rights of these stadiums go to the team or the government, or 50/50?

 

[KVB]

That makes sense.

Dumb question though. The money paid for the naming rights of these stadiums go to the team or the government, or 50/50?

To the owners of the stadium.

Most teams rent the stadium from the public basically. But some owne their own.

I the think The GS warriors own chase center.

That said, the money can be split between teams and city, ownership group, etc. So it varies but the owner of the stadium is "first in line" for the money. That can go towrads renovation, upkeep, etc.

 

[BMR Genie]

To the owners of the stadium.

Most teams rent the stadium from the public basically. But some owne their own.

I the think The GS warriors own chase center.

That said, the money can be split between teams and city, ownership group, etc. So it varies but the owner of the stadium is "first in line" for the money. That can go towrads renovation, upkeep, etc.

Good to know this. Thanks, KVB.

 

[jjgold]

Like the name