Dorset’s Camp Bestival music festival, appear to be experiencing financial difficulties, according to its organizers.
Loans tycoon, James Benamor, has been said to have filed a notice to appoint administrators to the Bestival Group according to reports in the NME.
Camp Bestival is the sister company to Bestival, which has been held at Lulworth since 2008. The likes of Florence & The Machine, Massive Attack and Outkast have been previously welcomed as headliners. The festival relocated to Dorset in 2017 due to Rob da Bank, company organizer, blaming the ‘’boring economics of getting people on to the island’’.
In July, the Camp Bestival was forced to close early due to poor weather conditions, which has left many people still waiting for refunds. Although the festival stated the closure was not the cause of the financial problems, they admitted it ‘’was not a positive factor’’.
On Sunday, the Bestival website posted a statement saying, ‘’We can confirm the Bestival Group has had some financial challenges of late but the process we are in allows a new partner to come on board with the financial commitments required to deliver Bestival 2019 in its finest form’’.
Therefore, the festival is still intended to be held next year and tickets already brought remain valid. The company believe they can avoid the collapse if a new partner is found, to match the needed financial commitments.
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