Michael Eavis: ‘Glastonbury may only have three years left’

Organiser admits that festival almost went bankrupt when Jay-Z headlined in 2008

Glastonbury may only take place for another “three or four years”, according to organiser Michael Eavis.

The Worthy Farm owner claimed that festivals are “on the way out” as music fans are growing bored of going to them.

“Partly it’s economics, but there is a feeling that that people have seen it all before,” Eavis told The Times.

“We’ve probably got another three or four years. Womad and Latitude are not selling out,” he commented.

Eavis also claimed that his festival has suffered financial problems of its own, especially in 2008.

“We sell out only because we get huge headliners. In the year Jay-Z played we nearly went bankrupt,” he added.

Glastonbury, which was headlined by U2, Coldplay and Beyonce last month, is due to take a break next year before returning in 2013.

Eavis recently told NME he wanted to book The Rolling Stones, Dolly Parton and Led Zeppelin for future festivals. You can view the full interview below.