FTX going under

[flyingron]

The logo that MLB umpires have been sporting for a bit over a season (that displaced the memorial on the sleeves) looks like its headed for oblivion.   The CEO issued a public apology:   "I f--ked up."

 

https://www.cnbc.com/2022/11/10/crypto-billionaire-sam-bankman-fried-blames-himself-for-ftxs-collapse-admits-he-f-ed-up.html

[834k3r]

Good riddance.

I hated the commercial logo and I hope the MLBUA removes the patch and does not replace it.

[flyingron]

I always thought that it was a particularly bad sponsor for the aspect of the game that is guided by integrity.   I hope they don't have some goofy contractual reason they can't ditch it.

[The Man in Blue]

Here is my question ... How many people ever knew it was an advertisement?  One of my former housemates was an avid baseball fan, but he had no clue what the FTX on the umpires was.  He thought it was something official having to do with the umpire's rank or status.

On a tangent ... you lost any caring or sympathy from me at "crypto-billionaire."  You didn't f--k up, you accomplished just what you always intended to.  You are making out just fine in this.

[SeeingEyeDog]

Brothers, I don't do social media...

The author of the piece that @flyingronlinked above makes ZERO MENTION of the FTX patch on MLB Umpires and the the fact that that patch replaced memorial patches for fallen MLB Umpires.

Can someone please tweet to the author, Ms. MacKenzie Sigalos and inform her of the tie in with MLB Umpires? Her handle is @KENZIESIGALOS. She is a financial reporter not a sports reporter so, it will likely be ignored but, perhaps others who follow her will notice it and pick it up to re-tweet.

Thank you in advance,

~Dawg

[834k3r]

I've seen some tweets about FTX and the patches worn by MLBUA, but signal strength is low.

[flyingron]

There have been some other articles in the other media that mention the sponsorship.   Apparently FTX was big into buying sports sponsorship, having their name until recently on the Miami area, etc...    An amusing statistic in one article said that FTX's valuation at its peak was greater than all the MLB franchise net worth put together.

The Atlantic article on SBF:

Indeed, SBF put particular emphasis on the idea that you could trust his exchange in an industry notorious for its gamblers and grifters; as if to make that message even clearer, FTX paid to sponsor MLB’s umpires—those supposed arbiters of truth and fairness—as opposed to its players. 

[BLWizzRanger]

There have been some other articles in the other media that mention the sponsorship.   Apparently FTX was big into buying sports sponsorship, having their name until recently on the Miami area, etc...    An amusing statistic in one article said that FTX's valuation at its peak was greater than all the MLB franchise net worth put together.
The Atlantic article on SBF:

Indeed, SBF put particular emphasis on the idea that you could trust his exchange in an industry notorious for its gamblers and grifters; as if to make that message even clearer, FTX paid to sponsor MLB’s umpires—those supposed arbiters of truth and fairness—as opposed to its players. 

And if the stories are true, it will be the biggest grift of all time.

Sent from my SM-F721U1 using Tapatalk

[Aging_Arbiter]

I mean......all things considered, I guess IT COULD be worse....