Wachovia sale felt by N.C. sports

The impact from the sale of Wachovia's retail banking business to Citigroup is expected to be felt on the sports landscape around the Carolinas. In 2005, Wachovia signed an eight-year, $9.1.million agreement to become the first commercial sponsor inside North Carolina's Dean E. Smith Center. UNC athletics director Dick Baddour said he doesn't expect the recent development "to eliminate the relationship -- whether that relationship is with Wachovia or another entity." (Raleigh News & Observer)

Posted Tuesday, September 30, 2008 in Business & Administration

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