Glastonbury Festival future uncertain as Michael Eavis warns event could go 'bankrupt'

Glastonbury's organiser Michael Eavis has warned that the festival could be at risk of going bankrupt if it does not return next year.

This year, festival goers and artists were left devastated when the Worthy Farm event was cancelled because of the coronavirus pandemic.

Thousands were due to descend on the Somerset location this week to celebrate a stellar lineup of artists in the scorching sunny weather.

Raising concern over the future of the festival, Glastonbury's organisers have highlighted it was important for the event to return in 2021 or it could 'be curtains'.

Speaking to The Guardian, Michael Eavis, 84, and his daughter Emily Eavis, 40, suggested that next year's show could be make or break for the annual event.

“We have to run next year, otherwise we would seriously go bankrupt … It has to happen for us, we have to carry on," Michael told the publication.

Glastonbury Festival could 'go bankrupt' if it doesn't return next year (Getty Images)

"Otherwise it will be curtains. I don’t think we could wait another year.

He added: “We haven’t got unlimited resources – we carry enough to float the next event.”

Although plans for a 2021 revival are already well underway, the future of the festival hangs in the balance - as does that of all large events across the country.

Michael Eavis has warned it 'could be curtains' for Glastonbury (Getty Images)

This year's festival was cancelled because of the coronavirus pandemic (Getty Images)

Emily Eavis added that they would be in a “very serious situation if we had to cancel next year’s event, 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”.

During their interview, Emily revealed that cancelling the 2020 festival had cost them a sizable amount of money.

However, she reassured fans that the festival has always evolved and overcome any hurdles they faced.

The famed Pyramid stage remained a bare structure this year (REUTERS)

The organisers also teased that there could be lots of surprises in store for 2021, as they look to merge two years of shows and some 2020 headliners could be scheduled for next year.

While the country enjoys a scorching week, many have reminisced on what would have been a glorious Glastonbury Festival headlined by Paul McCartney, Kendrick Lamar and Taylor Swift.

The pandemic and festival cancellation also hasn't stopped some eager fans reportedly trying to 'gatecrash' the location.

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