New name for the home of the Flyers and 76ers
The arena that houses the NHL’s Philadelphia Flyers and the NBA’s 76ers will have a new name.
From September 1st and until the 2030-2031 season, the facility will be called Xfinity Mobile Arena.
The announcement comes after banking giant Wells Fargo decided not to renew its agreement with Comcast Spectacor, parent company of the Flyers, when it expires in August.
The financial terms of the agreement were not disclosed. Wells Fargo was paying approximately $1.4 million annually for the naming rights.
The arena, which opened its doors in 1996 under the name CoreStates Center, has been home to Philadelphia sports stars such as Allen Iverson, Eric Lindros, and Joel Embiid, as well as hosting NCAA Tournament games. The building has had several names, including First Union Center in 1998 and Wachovia Center in 2003. Wells Fargo acquired Wachovia and placed its name on the building, with a capacity of approximately 21,000 spectators, in 2010.
Comcast Spectacor completed a $400 million Wells Fargo Center renovation project last year.
The 76ers announced earlier this year that they would partner with Comcast Spectacor, their current landlord, to build a new arena in South Philadelphia, abandoning a deal with the city to move downtown. Comcast will own the naming rights to the arena being developed through a joint venture between HBSE and Comcast Spectacor, with a planned opening date for the 2031-2032 season.
