A new name will be coming to the South Philly sports arena after Wells Fargo confirmed it will not renew its naming rights contract in 2025.
A spokesperson with the bank said that after reviewing their sponsorships, they decided to not renew their naming rights contract to the arena located in South Philadelphia ."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.
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," the spokesperson said in a statement to NBC10.329 medal events. 32 sports. Endless drama.
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