Desert Financial buys naming rights to ASU arena

Posted at 10:14 AM, Oct 17, 2019
and last updated 2019-10-17 13:14:53-04

The building that's home to Arizona State University’s basketball games has a new name.

Desert Financial, a Valley-based credit union, purchased the naming rights to the venue formerly known as Wells Fargo Arena.

It will be known as Desert Financial Arena.

The five-year deal, which will include continuing education opportunities for credit union members and employees, is valued at $7.5 million, or $1.5 million per year.

Read more from the Phoenix Business Journal.