The Times reports that Birmingham City Council, the majority owner of the NEC Group, is panning to sell the National Exhibition Centre and its sister arenas, either through a flotation or trade sale. Te group comprises four main venues including Birmingham's Symphony Hall and the National Indoor Arena, a ticketing company and a catering business. The Council needs to raise money to replace funding cuts. Gross revenues last year topped £136 million.
Building group Balfour Beatty has won a contract worth £154 million to transform the Olympic Stadium in East London into a 'first class sporting and cultural facility for generations'. The Stadium will become West Ham United's permanent home from 2016 and the improvemengts include a new roof.
The Jockey Club, the owner of a number of UK race courses including Aintree, Epsom and Newmarket has teamed up with music industry veteran Andrew Wilkinson and sponsorship veteran Simon Haldern to launch a new 50-50 music venture - Jockey Club Live - to promote live concerts at race curses. The Jockey Club aready promotes 25+ race + music events each year.