Fri, 29 Jul 2011
The organiser of the Bay Festival has failed to deliver on his word to return money to people who bought tickets.
Jonathon Irving had promised to give money back on or before today.
In a statement issued, Mr Irving claims he's having trouble disposing of assets because of the shape of the economy.
He claims they're still working to finalise a refund.
He gives no date for when this may be.
Some of our listeners report being owed over £300 each
Chairman of the Office of Fair Trading Bill Henderson says it's still not known how much if any people will be entitled to receive.[play audio file below]
Full Statement from Jonathon Irving:
"As the promoters of the IOM Bay Festival event we would like to reiterate how very much we regret that we felt that we had little choice, given the poor ticket demand, but to cancel the festival. We apologise to all customers and interested parties for the disappointment we know this obviously caused. Certainly the decision to cancel was not taken lightly but we could not see a viable future in any format that retained the spirit of a popular cultural festival.
As stated at the time of cancellation and will be appreciated, all festivals need to be prepaid and the IOM Bay Festival was no exception. Therefore as asset disposals have proved difficult in the current economic climate we have been working hard with all the ticket outlets to finalise the refund arrangements. We hope to be able to announce details to ticket holders very soon. We understand and obviously accept that some ticket purchasers have not waited and already received refunds from their card providers. However in the meantime we would like to thank everyone who supported the festival and also for their continuing understanding, it is greatly appreciated."
Bill Henderson