Kings Of Leon's tour cancellation set to cost over $15 million

Caleb Followill's 'exhaustion' will set the band's insurers back a lot of cash

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Kings Of Leon's cancellation of their US tour is set to cost their insurers over $15 million (£9.14 million) according to reports.

The Tennessee band cancelled the remaining dates of their North American tour on Monday (August 1), citing frontman Caleb Followill's "vocal issues and exhaustion" as the reason for shelving the dates, but face an expensive payout as a result.

The band's insurer Lloyd's, who are based in London, are bracing themselves to fork out the money to ticketgoers who will demand refunds and for various fees involved in a tour's cancellation.

Though "exhaustion" has been given as the official reason for the tour's cancellation, a report in US Weekly has suggested that Followill's bandmates are concerned that he is drinking "like a a fish" and have urged him to check into rehab.

A spokesman for the band has denied this, however, saying:

The reason for the cancellation of the tour is Caleb is under doctor's orders for vocal rest. They feel terrible about cancelling. They look forward to getting back on the road at the end of September

The band's bassist Jared Followill and drummer Nathan have also issued denials that Kings Of Leon are planning to split up, but have admitted that the band have "big problems".

What's really going on with Kings of Leon?

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