Channel manager: subsite - Defualt name for the sub-site root folder "Event Blueprint" is retained in all cases

1. Log-in to CMS as admin
2. Navigate to Documents >> Channel Manager >> click on "Add Channel" >> select Event sub-site
3. Define Channel properties example Name as - Go Green Events
4. When Channel is created successfully navigate to Documents folders and look for the newly created root folder for the above sub-site

Expected - Root folder should be of name Go Green Events or other unique name
Actual - Root Folder name for sub-site is always the same as "Event Blueprint" (refer the screen-shot)