Glastonbury 2008 Failed To Make Any Money

Michael Eavis has revealed that the 2008 edition of the Glastonbury Festival failed to make any profit.

Eavis, the event's founder, told BBC 6Music that the festival had fallen victim to increased costs and unusually high fuel prices.

“Glastonbury costs £22million now, it’s a huge cost,” he said.

“The infrastructure, the fencing, the roads, the water and the loos, the marquees, the management, the security and the police, it goes on and on so we do have to sell out in order to make it work.”

Although the event failed to make a profit, Eavis said it was still able to honour its partner charities with a sizeable donation.

“We still made about a million pounds for the charities we work for, so we actually achieved a million but we didn’t make any beyond that.  There’s no money to reinvest or anything,” he said.

“Having said that, it’s the first year in 39 years that we didn’t make anything out of it, so it’s not bad really is it.”

As previously reported on Gigwise, Glastonbury picked up three prizes at the UK Festival Awards in London last night.

Tickets for the 2009 Glastonbury festival are on sale now. For more information check out the Gigwise Gig Guide.

Alternatively, you can call our ticket hotline on 0871 230 1098 for more details.

Glastonbury 2008 - The Best Bits

Glastonbury in photos: Day One - CLICK HERE.
Glastonbury in photos: Day Two - CLICK HERE.
Glastonbury in photos: Day Three - CLICK HERE.