Beachdown Investor?! Really?!

Beachdown claim to have found a new investor, according to a report in today’s Argus. Despite not naming the person Future Festivals Ltd, the company still owing hundreds of ticket holders and businesses money, has been granted a Company Voluntary Arrangement (CVA) meaning that their debt has been frozen. So they can start putting together another Beachdown without paying anyone back first. Debts will be paid from any future profits. So, will you get your ticket money back? Will there be another Beachdown this year? Does the mystery person even exist? We’d guess ‘probably not’, ‘probably not’ and, erm, we’d rather not say.