The Los Angeles Lakers could be set to say goodbye to the Crypto.com Arena soon.
The Lakers have shared an arena with the Los Angeles Clippers since 1999 but the latter will move to the SoFi Stadium in 2024.
It appears the former won’t be playing their home games at the Crypto.com Arena either. That isn’t to say they’re relocating; it now appears that Crypto.com won’t be able to fulfill its obligations after agreeing to a deal requiring them to pay $700 million over a 20-year span.
Fans were hardy pleased to learn the company would be replacing Staples as the team’s official naming partner when the development was announced in 2021. So they may have been happy to find out that Crypto.com is set to suspend the offering of their exchange in the United States.
According to Blockworks, the company will halt operations on U.S. soil as of June 21 due to market constraints.
While no decision has been taken on the arena’s name, the Lakers could follow the Miami Heat, who had to rebrand their arena as the Kaseya Center after the FTX collapse.
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BroBible has since been contacted by a spokesperson for Crypto.com who insists the “Exchange update has no impact on the Crypto.com Arena naming rights.”
But time will tell, as it tends to do.
