Crypto Exchange FTX Withdraws from Los Angeles MLB Deal

Cryptocurrency exchange FTX has withdrawn from talks to offer a jersey patch to the MLB outfit Los Angeles Angels, according to a New York Post report citing sources with direct knowledge of the negotiations.

FTX, which first entered the sports industry in April last year with a 19-year $135 million deal with the NBA’s Miami Heat to rename the team’s home venue to FTX Arena, signed a sponsorship deal with the Wizards-as well as with the NHL’s Washington Capitals-in December.

[Via]

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