Glastonbury Could Face Bankruptcy If 2021 Event Can’t Take Place
This year’s event was canceled as a result of coronavirus.
Glastonbury organizers Michael and Emily Eavis raised fears that the legendary festival could be forced into bankruptcy should its 2021 event face the same fate as this year.
Glastonbury’s 50th anniversary was set to take place last weekend, but was forced into cancellation as a result of the global coronavirus pandemic.
In a recent interview with The Guardian, Michael Eavis said: “We have run next year, otherwise we would seriously go bankrupt. It has to happen for us, we have to carry on. Otherwise it will be curtains. I don’t think we could wait another year.”
Despite this year’s cancellation, organizers remained committed to funding charitable causes around the local area of the site, causes that include building social housing and paying for environmental initiatives.
Emily Eavis described the current events landscape and the unknown future as a “very serious situation” and that “cancelling 2020 obviously cost us [Glastonbury] a sizable sum of money.”
She added: “we’ve navigated choppy waters so many times. This festival has always evolved and found ways to survive, and I’m confident that we will again. Mutate to survive”.
In other news, Björk has announced that she will be holding one of the first live audience concerts since the start of COVID-19 pandemic.
