Spiros
Well-known member
OK - tbh I have no idea how the finances for these things work. Still when this festival was being talked about a while back there were noises being made about bands (and some suppliers?) that didn't get paid last yearIf you sell through a ticket agency you do not tend to get the money until the event has gone ahead. The main reason for this is to protect the agent and also protect the punter who bough the ticket against the gig being pulled. This is common and demonstrated by the fact the two main agents for this event are able to make refunds.
The full-story is quite simple: very very low ticket sales coupled with a demand from some suppliers for payment in full at the last minute (probably as a result of the rumours the event was struggling to sell).