FTX Pulls Out of Los Angeles Angels MLB Deal As Crypto Winter Bites
Cryptocurrency exchange FTX has withdrawn from talks to offer a jersey patch to the MLB outfit Los Angeles Angels, according to a New York Post report citing sources with direct knowledge of the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.Decrypt reached out to FTX for comment, and will update this article should the company respond.
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. Last year, the crypto derivatives exchange also partnered with Warriors star Stephen Curry, an avid NFT collector and creator himself.
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