Birmingham City Council: NEC announcement 'historic'

Calling today's announcement "historic", Council leader Sir Albert Bore said the sale was necessary for the venue and events company to grow.

"The NEC Group has reached a point in its evolution where it needs to be able to adopt the financial disciplines of a private, rather than council-owned company," he said.

READ: NEC group put up for sale by Birmingham City Council

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NEC Group put up for sale by Birmingham City Council

Birmingham City Council is putting the NEC Group up for sale. The group includes the National Exhibition Centre, the International Convention Centre, the National Indoor Arena and the LG Arena.