PHILADELPHIA (WPVI) — Wells Fargo says it will be taking its name off the South Philadelphia sports arena next year when its contract expires.
“Wells Fargo regularly reviews and adjusts our overall sponsorship strategy. As such, we have made the business decision not to renew the naming rights contract to Wells Fargo Center,” a spokesperson said in a statement.
Workers hang Wells Fargo signage on the formerly named Wachovia Center, Thursday, Aug. 19, 2010.
(AP Photo/Matt Slocum)
The center, which holds 21,000 people, is owned by Comcast Spectacor and is home to the Philadelphia 76ers and Flyers.
“We are grateful for our long-standing relationship with Wells Fargo and look forward to working with a new partner as we continue to bring the best sports and entertainment experience to fans in the Philadelphia region,” said a Comcast Spectacor spokesperson in a statement.
Since opening in 1996, there have been several name changes including CoreStates Center (1996 to 1998), First Union Center (1998 to 2003), …