Home of Philadelphia 76ers, Flyers lands naming rights deal with Xfinity Mobile
PHILADELPHIA (AP) — The home of the Philadelphia Flyers and the 76ers has a new name.
The arena will be renamed Xfinity Mobile Arena, effective Sept. 1 and running through the 2030-2031 season.
Banking giant Wells Fargo announced last year that it
would not renew its deal
with building owner and operator Comcast Spectacor — the parent company of the Flyers — when it expires in August.
Financial terms were not announced. Wells Fargo paid a reported
$1.4 million annually
as part of the naming rights deal.
The arena, originally named CoreStates Center, opened in 1996 and has been the home to Philly sports stars like Allen Iverson, Eric Lindros and Joel Embiid, as well as NCAA Tournament games. The building has carried a number of names, including the First Union Center in 1998 and Wachovia Center in 2003. Wells Fargo bought out Wachovia and posted its name on the roughly 21,000-seat building in 2010.
Comcast Spectacor last year completed a $400 million renovation project of the Wells Fargo Center.
The 76ers earlier this year announced they would partner with Comcast Spectacor, their current landlord, to build a new arena in South Philadelphia and
abandon a deal
with the city to move downtown. Comcast will own the naming rights to the arena being developed via a joint venture between HBSE and Comcast Spectacor, set to open in the 2031-2032 season.
___
AP NHL:
https://apnews.com/NHL
and AP NBA:
https://apnews.com/hub/NBA
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Cooper Flagg Gets Strong Message From Duke on Saturday
Cooper Flagg Gets Strong Message From Duke on Saturday originally appeared on Athlon Sports. Cooper Flagg recently capped off one of the best freshman seasons in college basketball history with the Duke Blue Devils. Advertisement Flagg committed to Duke as the No. 1 overall player in the nation and may have exceeded expectations. During his freshman season with the Blue Devils, Flagg led his team to the Final Four, with NCAA Tournament victories over some of the top teams in the nation, such as Arizona and Alabama. After the season, Flagg declared for the 2025 NBA Draft, turning the page to his professional career. Before participating in the official draft, Flagg made an appearance at Duke head coach Jon Scheyer's summer camp at Cameron Indoor Stadium. Duke posted about Flagg's attendance at the camp, adding a strong note on the potential for the former Blue Devils star to be the No. 1 pick in the upcoming draft. Advertisement "Massive 1st day of camp --> 1st pick in the building!!!" posted the official social media account of the Duke Blue Devils. Cooper Flagg played with one of the best rosters Duke has courted over the past several seasons. He's headed to the draft with several other top prospects, including Kon Knueppel and Khaman Maluach, both of whom are projected lottery picks. During his freshman season with the Blue Devils, Flagg led the team in all five statistical categories. The Duke star posted 19.2 points, 7.5 rebounds, 4.2 assists, 1.4 steals and 1.4 blocks per game. Duke Blue Devils guard Cooper Flagg (2)Dale Zanine-Imagn Images Flagg made a lasting impact in his lone season at Duke, winning the Naismith Player of the Year and Wooden Award as a freshman. Advertisement He's now preparing to walk across the draft stage on Wednesday in Brooklyn, New York. Related: Mike Krzyzewski Names Best Player in Duke Basketball History Without Hesitation Related: Duke Blue Devils Suffer Major Coaching Loss on Saturday This story was originally reported by Athlon Sports on Jun 21, 2025, where it first appeared.
Yahoo
3 hours ago
- Yahoo
Wells Fargo Sees Fundamentals Improving for Sweetgreen, Inc. (SG) in H2 FY25; Gives It an ‘Overweight' Rating
Sweetgreen, Inc. (NYSE:SG) remains one of the . A lab technician analyzing natural food protection ingredients to ensure quality products. Wells Fargo has expressed its expectation that Sweetgreen, Inc.'s (NYSE:SG) fundamentals will improve in the second half of 2025. The analyst supports this expectation with faster throughput, operational improvements, high-teens unit growth, and over 40% cash-on-cash returns. As such, Wells Fargo has initiated coverage of Sweetgreen, Inc. (NYSE:SG) with an 'Overweight' rating and a $19 price target on June 17, 2025. Thus, the analyst thinks that the company is poised for strong expansion in the near future, making it one of the best future food stocks. Sweetgreen, Inc. (NYSE:SG) runs several fast-food restaurants with a mission to build healthier communities by providing people with healthy food. It does so by developing a transparent supply chain, investing in local farmers and growers. While we acknowledge the potential of SG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and 10 Low Risk High Reward Stocks Set to Triple by 2030. Disclosure: None.
Yahoo
4 hours ago
- Yahoo
Wells Fargo Sees Fundamentals Improving for Sweetgreen, Inc. (SG) in H2 FY25; Gives It an ‘Overweight' Rating
Sweetgreen, Inc. (NYSE:SG) remains one of the . A lab technician analyzing natural food protection ingredients to ensure quality products. Wells Fargo has expressed its expectation that Sweetgreen, Inc.'s (NYSE:SG) fundamentals will improve in the second half of 2025. The analyst supports this expectation with faster throughput, operational improvements, high-teens unit growth, and over 40% cash-on-cash returns. As such, Wells Fargo has initiated coverage of Sweetgreen, Inc. (NYSE:SG) with an 'Overweight' rating and a $19 price target on June 17, 2025. Thus, the analyst thinks that the company is poised for strong expansion in the near future, making it one of the best future food stocks. Sweetgreen, Inc. (NYSE:SG) runs several fast-food restaurants with a mission to build healthier communities by providing people with healthy food. It does so by developing a transparent supply chain, investing in local farmers and growers. While we acknowledge the potential of SG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and 10 Low Risk High Reward Stocks Set to Triple by 2030. Disclosure: None.
