FTX's lawyers filed a motion seeking to end its 19-year naming rights agreement with Miami-Dade County, along with more than 20 other marketing deals.
The new filing means that both sides now want the agreement canceled, per the Herald.
Miami-Dade County asked the judge in FTX's bankruptcy case to terminate the deal in November so it could be free to find a new sponsor.FTX had committed millions of dollars to celebrities like supermodel Gisele Bündchen and even the Golden State Warriors andThe company wants its deals canceled retroactively to Dec. 31.FTX has already paid Miami-Dade County $20 million. The company is due to pay the county $5.5 million this month.
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