The Wells Fargo Center in Philadelphia is owned by Comcast Spectacor.
Ownership Details
Comcast Spectacor, a prominent sports and entertainment company, holds the ownership of the Wells Fargo Center. This modern multi-purpose arena, completed at a cost of approximately $210 million, was largely financed through private funds. However, the city and state of Pennsylvania also contributed significantly by assisting with the necessary local infrastructure development.
Beyond owning the arena, Comcast Spectacor's portfolio includes:
- Philadelphia Flyers: They also own the National Hockey League (NHL) team, the Philadelphia Flyers, who play their home games at the Wells Fargo Center.
- Global Spectrum: This is Comcast Spectacor's arena-management subsidiary, which is responsible for the day-to-day operation and management of the Wells Fargo Center.
The Significance of the Wells Fargo Center
The Wells Fargo Center serves as a cornerstone of the South Philadelphia Sports Complex, hosting a wide array of events including professional sports, concerts, and family shows. As a major entertainment venue, its ownership by a large entity like Comcast Spectacor ensures its ongoing maintenance, operation, and contribution to the local economy and culture.
For more information on the venue, you can visit its Wikipedia page.
