U2 to Suffer $150 Million Loss Over Tour Cancellation


U2 to Suffer $150 Million Loss Over Tour Cancellation


The band's manager Paul McGuinness says Bono and his bandmate stand to lose up to $150 million from the cancellation of their world tour.

Rockers U2 stand to lose up to $150 million from the cancellation of their world tour after Bono underwent emergency back surgery, according to a new report. The Irish band were forced to postpone the next leg of their massive trek and scrap their appearance at Britain's Glastonbury festival after the frontman was admitted to hospital for the operation last month.

And the delay is set to cost the band dearly. Their manager Paul McGuinness tells Britain's The Sun, "If we play or not, touring still costs us 500,000 pounds a day." An insider adds, "Bono and the band are covered by insurance but the cost of overheads and missed revenue could easily reach 100 million pounds by the time he's fit enough to tour again."

The band is set to announce the rescheduled tour dates later this week.

© AceShowbiz.com


MORE FROM NEWS

Leave a Comment

Required fields are marked with *

   

TODAY'S HEADLINES

  1. Miley Cyrus Goes Shopping in Malibu in Tiny Bikini
  2. Mary J. Blige Sparks Gay Rumors With Kate Moss
  3. Pics: Emily Ratajkowski Goes Topless, Parades Impressive Bum in Thong Bikini
  4. Does Kim Know? Kanye West Caught Leaving Studio With Nearly Naked Woman
  5. Comic-Con: 'Ready Player One' First Footage Introduces Stepen Spielberg's VR Dystopia
  6. Comic-Con: 'Justice League' Trailer Teases Superman's Return and Green Lantern
  7. New Romance? Shirtless Justin Bieber Enjoys Romantic Hike With This Model
  8. Jennifer Garner's New Pal Chelsea Handler Is Going After Ben Affleck
  9. 'American Horror Story': Ryan Murphy Shares Photo of 'Cult' Member. Is It Evan Peters?
  10. Macaulay Culkin and Brenda Song Enjoy Dinner in L.A. - Are They Together?

CELEBS PHOTO