BESTIVAL organisers owe one of this year’s headline acts £175,000, it has been revealed.
Indie pop band London Grammar, who headlined the festival’s main stage at Lulworth Castle on Saturday, August 4, are listed as creditors in a notice of administrator’s proposals.
The list also includes singer Plan B, who is owed £105,000, drum and bass band Rudimental, owed £24,500 for a DJ set, and the Human Cannonball, owed £2,000. The festival's huge 'feast collective' is due £8,304.
As reported in yesterday’s paper, Dorset Police are chasing payment of £141,000 - the cost of five full-time PCs.
Dorset County Council is also owned licence fee money.
Tickets for Bestival’s sister event Camp Bestival, which is also held in Lulworth, will go on sale today, Friday.
It is not yet known if police will agree to attend the event.
Dorset’s police and crime commissioner Martyn Underhill told the Echo organisers must “settle their debts”.
There are still question marks as to the future of the larger Bestival event, which has drawn thousands of people to Dorset over the past two years.
Secured creditor James Benamor, the billionaire founder of Amigo Loans, forced Bestival Ltd into administration earlier this year.
His company, The Richmond Group, had loaned the organisers £1.6m in February.
The Richmond Group bought the event’s assets and set up a new company called Safe Festivals Ltd, which has been sold to SJM and Live Nation-Gaiety.
A report from the administrators Begbies Traynor states Bestival Ltd owe £3.7m to unsecured creditors.
Julie Palmer, regional managing partner for Begbies Traynor and joint administrator for the Bestival Group, said police are “unsecured creditors”.
Although such creditors may receive some funding, Ms Palmer said: “The outcome is still unknown - we’re early in the process.”
However, it is understood that police fear there is little chance of recovering the money.
Some of the festival's largest debts are owed to contractors AP Security - a total of £334,839.21 - and Ashtead Plant Hire, owed £105,832.56. Vic Reeves, who hosted a reggae night, is owed £300. The venue's inflatable church is also owed tens of thousands of pounds.
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