UK music pageant Bestival has been purchased by British billionaire and CEO of Richmond Group Debt Capital James Benamor for £1.1 million (or almost $1.three million), though its future nonetheless stays murky. According to a report by NME, Benamor filed administrative motions towards the pageant, based by DJ Rob Da Bank in 2004, after the occasion didn’t reimburse him of a 2017 mortgage of £1.6 million. Benamor’s supply to purchase the pageant, and its family-friendly Camp Bestival occasion, was accepted.
“Richmond Group has today made an offer of £1.1m to purchase the brand and assets of Bestival Group, with the intention of running the successful Camp Bestival going forward,” a spokesman is quoted. “Under this offer, all Camp Bestival 2019 tickets sold so far will be honoured.”
No point out has been made whether or not or not Bestival correct will return in 2019. Last yr, the dance-heavy pageant boasted headline performances from The Cure, Major Lazer and Hot Chip in Dorset, England. Billboard Dance reached out for remark, however none has been given by press time.
“We have been followers and supporters of Bestival because the starting,” Benamor is quoted in NME. “Our kids have grown up with great reminiscences of those festivals. Bestival is an instance of Dorset being world class and we’re eager to make sure that this improbable establishment goes on to thrill households and native companies, for a few years to come back.”
