Friday, 18 June 2010

U2 tour cancellation could cost $100 million

The cancellation of U2's upcoming tour dates following Bono's emergency back surgery last month could cost the band (or at least their insurers) $100 million.

As previously reported, Bono was training for the tour when a bout of "sudden onset disease" rendered him temporarily paralysed. Although surgery to remedy this and prevent further paralysis was successful, the singer must now go through a period of rehabilitation. Amongst the dates cancelled was U2's Glastonbury headline slot, which has now been filled by Gorillaz.

U2's manager Paul McGuinness told: The Sun, "If we play or not, touring still costs us £500,000 a day".

Another source added: "Bono and the band are covered by insurance but the cost of overheads and missed revenue could easily reach $100 million by the time he's fit enough to tour again".

Rescheduled tour dates are expected to be announced shortly.

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