Flyers' arena undergoes name change from Wachovia to Wells Fargo Center

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wachoviacenter.jpgThe Wachovia Center – home to the Philadelphia Flyers and the NBA’s Philadelphia 76ers – will now be known as the Wells Fargo Center. This marks the fourth name given to the Flyers’ humble abode. Frank Seravalli provides the details.

Wachovia, which owned the building’s naming rights, was bought out by Wells Fargo Corporation effective Dec. 31, 2008. Wells Fargo now holds the naming rights at a reported cost of $1.4 million per year until the contract expires on June 30, 2023.

The soon-to-be Wells Fargo Center opened as the CoreStates Center in 1996 before becoming the First Union Center in 1998 and the Wachovia Center in 2003.

Does this make Wells Fargo the Wall Street Bullies, then?
(H/T to Sean Leahy.)