The Knebworth estate is facing up to a ‘huge hole’ in its finances this year following the cancellation of the Sonisphere festival last week.
“Putting the festival together in what is proving to be a very challenging year was more difficult than we anticipated and we have spent the last few months fighting hard to keep Sonisphere in the calendar,” a statement confirming Sonisphere’s cancellation, released last week, said.
“Unfortunately circumstances have dictated that we would be unable to run the festival to a standard that both the artists and that Sonisphere’s audience would rightly expect.”
And now, Martha Lytton-Cobbold, manager of the Hertfordshire mansion and grounds, has told The Independent: “Losing Sonisphere has left a huge hole in our financial projections. But there is a lot of economic instability which affected ticket sales and the promoters took an intelligent decision to cancel this year.”
Read Live4ever’s thoughts on the struggles of UK festivals here.