The naming rights deal for the South Philadelphia arena expires in August 2025.
Wells Fargo Center will need a new name after banking giant decides against renewing rights deal in 2025July 24, 2024, 7:36 p.m. ET
Wells Fargo has decided against renewing its naming rights deal for the South Philadelphia arena that is currently the home of the Sixers and Flyers, the banking giant announced Wednesday. “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,” the bank said in an emailed statement Wednesday evening.“We value our relationship with Comcast Spectacor and we look forward to collaborating on live entertainment and sporting events at the Wells Fargo Center through the end of our contract in August 2025,” Wells Fargo said.
“Wells Fargo has a long, rich history in the City of Philadelphia. Our nearly 4,000 employees across Pennsylvania make us one of the largest private employers in the area, and we remain committed to the City of Philadelphia region. Since 2020, Wells Fargo has invested more than $21 million in philanthropic giving in the City of Philadelphia and in Pennsylvania, focused on supporting affordable housing, small business, financial health, sustainability and more,” Wells Fargo said.
Comcast Spectacor, the owner of the arena, also issued a statement Wednesday evening: “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.”
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