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FTX Brady has relationships with Miami Heat through an equity stake, not just sponsorship. The Miami Heat is owned by Miami-Dade County, making the deal unique. FTX is also related to the F1 team, with patches on the umpires. The county owns the arena in a 19-year, $135 million deal. Miami is prepared to take legal action to secure the money if FTX goes bankrupt. This situation has happened with sponsorships in the past, with companies going defunct and funds being recovered in bankruptcy court.