Wells Fargo Center is owned by Comcast Spectator, a subsidiary of Comcast Corporation. The arena was originally constructed in 1996 and has since been the home to many professional sports teams such as the Philadelphia Flyers (NHL), Philadelphia 76ers (NBA) and the Philadelphia Soul (AFL). The arena hosts over 200 events annually including concerts, college basketball games, family shows and more.
In addition to being home to these various sporting events, Wells Fargo Center also offers its guests an array of entertainment options such as restaurants, bars and lounges. With nearly 20 years of experience operating a premier venue for live sports entertainment around the world, it’s no surprise that Wells Fargo Center continues to remain one of America’s favorite arenas year after year.
The Wells Fargo Center in Philadelphia is owned by Comcast Spectacor, a subsidiary of the Comcast Corporation. The arena has been home to some of the biggest names in sports and entertainment since its opening in 1996, hosting teams like the 76ers and Flyers as well as concerts from top-tier artists. It is also a popular venue for conventions, trade shows and other events.
With seating capacity for up to 21,000 people, it’s one of the largest indoor venues in the country – making it an attractive option for major events such as hockey games or basketball tournaments.
Wells Fargo Center Is Transforming For You 2020!
Wells Fargo Center Philadelphia
The Wells Fargo Center Philadelphia is one of the premier sports and entertainment venues in the United States. Located in South Philadelphia, it is home to the NHL’s Flyers and NBA’s 76ers as well as many other sporting events and concerts throughout the year. The arena has seating for over 19,000 people, making it one of the largest indoor arenas in North America.
With its convenient location near public transportation, restaurants and hotels, it’s no wonder why this venue continues to draw large crowds from all over!
How Much is the Wells Fargo Center Worth?
The Wells Fargo Center is one of the most valuable sports and entertainment venues in the country. Located in Philadelphia, Pennsylvania, this multi-purpose event center opened in 1996 at a cost of $210 million. Since then, it has proven to be an incredibly profitable venture for its owners – Comcast Spectacor – as well as the city of Philadelphia itself.
According to Forbes estimates from 2019, the Wells Fargo Center was worth around $1 billion; however, due to its ongoing success over recent years it’s now estimated to be worth closer to $2 billion. This incredible value makes it one of the most significant assets within Comcast Spectacor’s portfolio and helps contribute significantly towards Philadelphia’s economy each year.
What Team Owns Wells Fargo Center?
The Wells Fargo Center is owned by Comcast Spectacor, a Philadelphia-based sports and entertainment company. The arena has served as the home of professional teams representing the city since 1996, when they were opened as part of a $210 million renovation project to revitalize Philadelphia’s downtown area. Since then, it has hosted NBA games for the 76ers, NHL games for the Flyers and NCAA basketball tournament games.
It also hosts concerts, family shows and other special events throughout its calendar year. In addition to being one of only two arenas in North America that can host all three major professional sports leagues (the other being Madison Square Garden), Wells Fargo Center is known for its great sightlines and excellent sight lines from every seat. Its capacity ranges from 17000 – 19500 depending on what sport or event it is hosting at any given time.
What Sports Teams Does Comcast Own?
Comcast is one of the largest media and telecommunications corporations in the world, and they own a number of sports teams. They are well-known for their ownership of two professional American football teams—the Philadelphia Eagles and the Seattle Seahawks—which both compete in the National Football League (NFL). Comcast also owns three hockey teams: The Philadelphia Flyers, an NHL team; The Lehigh Valley Phantoms, an AHL team; and Everett Silvertips, a WHL team.
In addition to this, Comcast also has stakes in several NBA basketball franchises including the Portland Trail Blazers, Washington Wizards & Mystics, Boston Celtics, Atlanta Hawks & Dream. Finally, Comcast owns interests in several soccer clubs including Inter Miami CF of Major League Soccer (MLS) as well as Fulham FC from England’s Premier League. All these teams represent some of the most popular sports franchises around the globe so it’s no wonder that Comcast is such a big player in global sports.
What Does Comcast Spectacor Own?
Comcast Spectacor is a Philadelphia-based sports and entertainment company owned by Comcast Corporation. The company owns the Philadelphia Flyers of the National Hockey League (NHL), the Wells Fargo Center arena, and two esports teams: Overwatch League’s Philadelphia Fusion and Call of Duty league’s Minnesota Røkkr. In addition to its ownership stakes in these franchises, Comcast Spectacor also operates an international ticketing business, New Era Tickets, as well as several venues outside of Pennsylvania including Boardwalk Hall in Atlantic City and Budweiser Gardens in London, Ontario.
The company also has a joint venture with OVG Arena Alliance that will develop up to eight major arenas across North America over the next five years. With such diverse holdings across multiple markets, Comcast Spectacor is positioned to be one of the most influential companies within both traditional sports and esports moving forward.
Conclusion
In conclusion, it is clear that Comcast Spectacor owns Wells Fargo Center in Philadelphia. The company purchased the arena from Comcast-Spectacor L.P., a subsidiary of Comcast Corporation, for $210 million in 2018 and has since managed the operations and events held there. With its prime location in South Philadelphia and extensive amenities, Wells Fargo Center continues to be one of the premier sports and entertainment venues on the East Coast.
