Thursday, July 2, 2015

Flyers, Sixers home now Wells Fargo Center

It's official

Flyers, Sixers home now Wells Fargo Center

0 comments
The home of the Sixers and Flyers will now be known as the Wells Fargo Center instead of the Wachovia Center. (Charles Fox / Staff File Photo)
The home of the Sixers and Flyers will now be known as the Wells Fargo Center instead of the Wachovia Center. (Charles Fox / Staff File Photo)

It's official: The former CoreStates-F.U.-Wachovia Center will be the Wells Fargo Center by the time the Flyers start their fall season, Comcast Spectacor spokesman Ike Richman reports here. Philly's indoor teams will play in an arena named for an old West Coast stage coach, transport and banking company that has no prior history here.

The former CoreStates Bank agreed to pay $40 million for naming rights from 1996-2025. Wells Fargo of San Francisco is CoreStates' successor as the region's dominant bank and has inherited the arena naming-rights contract after purchasing failing Wachovia Corp. of Charlotte, NC (which had absorbed Wachovia) at the end of 2008. Wells Fargo also plans to replace the Wachovia name at thousands of East Coast bank branches.

More from Comcast-Spectacor President Peter Luukko: Name change takes effect "immediately." Comcast-Spectacor "is honoring" the 1996 contract with the former CoreStates "that (the bank's) successor shall keep the naming rights" as the name changes. Adds Richman: "Workers will begin removing the Wachovia Center sign" today. Sign replacement "is expected to be completed by Tuesday, September 14," in time for scheduled shows by the singer Lady Gaga.

More coverage
 
Talk Sixers in our new forums
 
PhillyDeals: Flyers, Sixers home now Wells Fargo Center
 
Cavs send West to Minnesota in 4-player deal
 
Cavaliers trade former St. Joe's star West to Minnesota
 
Buy Sixers gear
0 comments
We encourage respectful comments but reserve the right to delete anything that doesn't contribute to an engaging dialogue.
Help us moderate this thread by flagging comments that violate our guidelines.

Comment policy:

Philly.com comments are intended to be civil, friendly conversations. Please treat other participants with respect and in a way that you would want to be treated. You are responsible for what you say. And please, stay on topic. If you see an objectionable post, please report it to us using the "Report Abuse" option.

Please note that comments are monitored by Philly.com staff. We reserve the right at all times to remove any information or materials that are unlawful, threatening, abusive, libelous, defamatory, obscene, vulgar, pornographic, profane, indecent or otherwise objectionable. Personal attacks, especially on other participants, are not permitted. We reserve the right to permanently block any user who violates these terms and conditions.

Additionally comments that are long, have multiple paragraph breaks, include code, or include hyperlinks may not be posted.

Read 0 comments
 
comments powered by Disqus
About this blog

PhillyDeals posts drafts, transcripts and updates of Joseph N. DiStefano's columns and stories about Philly-area business, which he's been writing since 1989.

DiStefano studied economics, history and a little engineering at Penn and taught writing at St. Joseph's. He has written thousands of columns and articles for the Inquirer, Bloomberg and other media, wrote the book Comcasted, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com, distefano251@gmail.com, 215.854.5194 or 302.652.2004.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano
Latest Videos:
Also on Philly.com:
letter icon Newsletter