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After ticket sales of £35m, Glastonbury reports profit of just £764,000
Administrative costs wiped out almost all profit
Foo Fighters: One of the biggest bands on Earth but they've never headlined Glastonbury. They've been bookies' favourites to headline the festival for the past few years, but never have. Perhaps 2015 will be their year.
Tags: Glastonbury Festival
by Alexandra Pollard | Photos by WENN
Tags: Glastonbury Festival
Despite selling out completely and reaffirming its place as the most important UK festival of the summer, Glastonbury festival only made a £764,000 profit last year.
That may sound like an amount not to be sniffed at, but the festival recorded tickets sales of £35 million, almost all of which was wiped out by costs.
As The Guardian reports, the family business had to pay land rent, stage hire, staff costs, management fees and compensaton for loss of farming earnings. It also donated £348,000 to charity.
Last week, 135,000 tickets for next year's Glastonbury went on sale on Sunday, and sold out in 26 minutes. At £225, that means ticket sales of just over £30 million.
Glastonbury's charitable donations are generally shared between three charities - Oxfam, Greenpeace and Water Aid.
Below: Who could play at Glastonbury 2015?
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