Glastonbury made £35M on ticket

14:48 Oct/10/2014


The firm which runs Glastonbury festival made a profit of just £764,000 in 2013, despite selling £35m worth of tickets.



Among the costs incurred by Glastonbury Festivals Ltd, owned by Michael Eavis, were payments of £2.6m to companies owned by Eavis and his relatives. These included land rental, staff costs, management fees, loss of earnings by the land's Worthy Farm and hire of the Pyramid Stage. Records filed to Companies House showed the business paid £348,000 in charitable donations

Land rental, staff costs, management fees, loss of earnings by the land's Worthy Farm and hire of the Pyramid Stage attributed to the expenditure, while £348,000 was paid to charities.

Tickets for 2015's edition sold out in a record 26 minutes when they went on sale last Sunday.

 



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