The Arena Group had its license revoked in January by Authentic Brands after refusing to make a $3.75 million quarterly payment. The move comes as Manoj Bhargava seeks to renegotiate the three years left on the original 10-year, $150 million deal with Authentic owner Jamie Salter. Str/EPA/Shutterstock Arena, which had warned that it will fire SI’s entire staff if it doesn’t regain the license, is on the hook for a $