Wells Fargo announced on Wednesday that it will not renew its naming rights for the arena that houses the Philadelphia 76ers and Flyers.
Wells Fargo's current deal expires in 2025. The company paid $1.4 million per year for the naming rights.
The building is operated by Comcast Spectacor.
The Sixers declined comment. The franchise has previously stated that they do not intend to stay after their current lease expires in 2031.
Via ESPN