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Reading: Staples Center in L.A. to Be Renamed Crypto.com Arena
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The Wall Street Publication > Blog > Markets > Staples Center in L.A. to Be Renamed Crypto.com Arena
Markets

Staples Center in L.A. to Be Renamed Crypto.com Arena

Editorial Board Published November 17, 2021
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Staples Center in L.A. to Be Renamed Crypto.com Arena
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The Staples Center, home to LeBron James and the Los Angeles Lakers, will be renamed the Crypto.com Arena after a Singapore-based cryptocurrency brokerage paid to sponsor the sports and concert venue.

The arena’s owner, AEG Worldwide, said it struck a 20-year naming rights agreement with Crypto.com. The digital-currencies company agreed to pay $700 million over the life of agreement, according to people familiar with the deal. The name change would be effective from Dec. 25.

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