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Glastonbury founder Michael Eavis has warned the legendary festival could go bankrupt.

Speaking to The Guardian yesterday (25th June), Eavis, alongside his daughter Emily, stressed that the festival must run next year in order to secure its future at Worthy Farm.

“We have to run next year, otherwise we would seriously go bankrupt,” Eavis told The Guardian. “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.” 

“[Glastonbury] would be in a very serious situation if we had to cancel next year’s event,” Emily added. “But then the whole live industry will be hanging in the balance if we have another summer without festivals, and we don’t know what level of government support there will be for this industry”.

Along with most events and festivals that were set to take place over the coming months, the legendary Somerset festival made the tough decision to cancel this year’s edition, which would have been Glastonbury’s 50th anniversary, and shared in a statement that it would be an “enforced fallow year for the Festival”.