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.
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.
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.