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A comment on FTX to file for U.S. bankruptcy, CEO resigns. Parent comment

Re:FTX to file for U.S. bankruptcy, CEO resigns by function_seven on Friday November 11, 2022 @12:10PM (#33563475)
If there's time left on the deal, but the arena would rather not keep the stinky association, can't they sell a new naming rights deal today, and send a portion of the new proceeds from that to FTX?

In a way it would be another asset for the bankruptcy liquidator to disperse.

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Re:FTX to file for U.S. bankruptcy, CEO resigns by enkid on Friday November 11, 2022 @12:11PM (#33563499)
Alternatively, can FTX sell the naming rights (with the approval of the arena)
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Re:FTX to file for U.S. bankruptcy, CEO resigns by function_seven on Friday November 11, 2022 @12:18PM (#33563597)
Yeah that makes more sense. They have the asset (rights through 2040). Would be pretty funny if it turns out that these naming rights are the single most valuable asset they own today.

I just looked up a similar situation from 20 years ago[0,1].

[0] https://www.nytimes.com/2002/02/28/sports/baseball-astros-ba...

[1] https://www.wsj.com/articles/SB1014832920627596080

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