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The post FTX Considers Recovering Promotional Fees from Sports Stars Under Chapter 11! appeared first on Coinpedia Fintech News
FTX Financial Advisors is considering the possibility of recovering promotional fees paid to sports stars, such as basketball player Shaquille O’Neal and tennis player Naomi Osaka, under Chapter 11. The firm has reviewed the payments made to these and other athletes last year. FTX is exploring this option as it seeks to restructure its finances. The matter is being closely watched by industry experts and sports fans alike, as it raises questions about the accountability of companies in honoring contractual obligations with athletes.
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