Rob and Josie Da Bank ‘took control’ of Camp Bestival after clashing with administration
Camp Bestival founders Rob and Josie Da Bank have announced they are back at the helm of the family festival after reaching a deal with promoters Live Nation and SJM Concerts.
The future of the Dorset festival, which was launched in 2008, was thrown into uncertainty last month after it was reported that the company behind the event was facing administration.
Lending magnate James Benamor filed the administrative notices with the High Court after his own firm, Richmond Group Debt Capital, provided a loan of up to £1.6million to the festival in February last year.
He has also made a £1.1million bid to acquire the Bestival Group brand and assets, with the aim of running Camp Bestival in the future.
— Rob da Bank (@RobdaBank) October 19, 2018
But in a new development, it has been announced that Da Banks has regained control after reaching an agreement with Live Nation and SJM.
“With the help of Live Nation Gaiety and SJM, we will truly be able to bring our creative vision to life with the support structure needed going forward,” a statement confirmed.
“Our goal has been and always will be to create the best family festival ever. We look forward to sharing this new chapter with you. More news very soon.
Rob Da Bank also tweeted to confirm that Camp Bestival was “1000%” in 2019 and is “in much better shape”.
The future of Bestival, meanwhile, remains to be confirmed.