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. It's Over! Kim Kardashian 'Pulling the Plug' on Her Marriage to Kanye West
  2. Khloe Kardashian Reveals Secret to Her Big and Perky Butt
  3. Britney Spears Freaks Out After Sex Tape Leaks Online
  4. Blake Shelton and Gwen Stefani 'Torn Apart' by Her 'Flirtation' With 'The Voice' Contestant
  5. Report: Generous George Clooney Under FBI Investigation for Money Laundering
  6. Sleepyhead Madonna Leaves Kids Starving at Daughter's Birthday Bash
  7. Report: Kevin Hart's Wife Eniko Pregnant With Their First Child
  8. Is Amber Rose Into a Woman Now? Model Sparks Rumors She's Hooking Up With Teyana Taylor
  9. Cher's 'Serious Family Issue' Forces Her to Drop Out of Lifetime's Flint Water Crisis Movie
  10. Report: Kate Middleton Is Pregnant With Baby No. 3

CELEBS PHOTO