However there may be a lesson for all festival organisers as in these days of economic uncertainty how long will it be before organisers of a festival are made bankrupt.
They already have.
Its also amazing how many festivals run close to the wind or at a constant loss, and I am not just talking about small festivals here but some big name events constantly running at several tens of thousand of pounds loss. The organisers just carry the burden with overdrafts and mortgages.
Glastonbury ran at a loss for the first fifteen or so years of its existence.
However, rule number one is pay the artists and suppliers first, then negotiate with the rest.