Disgraced Fyre Festival organiser spent over $150,000 on a yacht for Blink-182

He failed to budget for toilets, however

The disgraced promoter of Fyre Festival spent over $150,000 of his budget on a yacht for Blink-182, according to newly obtained files.

The failed festival hit headlines last year, after the first edition of the ‘luxury’ event soon turned into a dystopian nightmare in May.

Despite promising punters luxury accommodation and a line-up that included the likes of Major Lazer, the event quickly descended into chaos when it took place. The company behind it was later forced into bankruptcy.

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Now, documents obtained by The Post show that promoter Billy McFarlane’s budgetary – despite failing to factor in costs for toilets, the organiser spent $160,000 on a yacht for headliners Blink-182, who pulled out ahead of the festival regardless.

Other expenses included $18,208 on towels, and $260,000 on carpet for ‘tent city’, which costed around $470,000. Despite these costs, the festival was left without running water when punters arrived on-site.

“There was gross mismanagement and a general misunderstanding of how events like this unfold and that purchases weren’t being vetted,” said The Post‘s source, who referred to McFarland as a “millennial gone wild.”

“At no point in time if you look at the big picture does it appear that there was ever a criminal element,” he added. “It was just the idea of a 20-something who unraveled.”

McFarland is due in Manhattan federal court this week, where he has pled not guilty to attempting to defraud his investors.

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Ja Rule, who is a business partner of McFarland’s, has not been charged with any offences, but has been named as a defendant in many of the civil lawsuits that have been brought against McFarland, Fyre Festival and Fyre Media since the ill-fated event.

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