Owners of the Sheffield Arena have changed the way the venue is managed - axing a top management company and running the facility in-house.
The Arena has been managed by entertainment giant Live Nation for a number of years, but to cut costs owner Sheffield City Trust (SCT) has opted to use its own in-house management company Sheffield International Venues (SIV) to oversee the running of the venue.
SIV Chief Executive Steve Brailey said: “We have had an excellent relationship with Live Nation. They have been a top class management organisation for the venue, delivering a great programme of events.
“SCT is under continued pressure to reduce the subsidy it receives from Sheffield City Council and we are looking to maximise the return from all our commercial activities.
“All profits in SIV are used by SCT to improve the health and wellbeing of the people of Sheffield.
“We have an experienced management team and the Arena will compliment other venues such as Sheffield City Hall. All employees at the Arena will transfer to SIV and we will create a small number of additional jobs in Sheffield through transferring central admin from Live Nation offices back into Sheffield.”
Paul Latham, Chief Operating Officer for Live Nation in the UK and Ireland, said: “I was in the original team that pitched to win the tender to operate the Sheffield Arena in the late 1990s so it is both personally and professionally disappointing that we will no longer be managing this great facility.
“That said we have had a good working relationship with the team at SIV and we fully understand the financial strictures they continue to have to work under.”