Wychwood Festival invites fans to become shareholders
Festival launches crowdsourcing initiative
Photographer:Trevor Eales
Chris Eustace - 11 October 2012
Wychwood owners Tribe Festivals Ltd, who also own Cheltenham Comedy Festival, will be offering a number of shares via the Crowd Cube platform to up to 200 individuals. In return for the share capital of £1000, new investors will receive a pair of tickets for life to Wychwood (valued at £280 each year), plus up to 12 tickets each year for friends and family that can be purchased at half price.
Additional benefits to investors onsite at Wychwood Festival each year are also promised, including £50 of bar credit and £50 of merchandise, along with discounted tickets to other Tribe-owned or run projects.
In their initial announcement, Tribe claim that “with this benefits package in place, investors would have potentially already seen a return on their investment in Year 1 and can then continue to expect this as a minimum year on year thereafter”, with the free tickets able to be transferred to friends and family if the investor was unable to attend, which a chance to profit share in any sponsorship they brought to the company as well, with buyers free to sell on their shares at any time, with the new buyer then taking on the festival benefits.
For more information and to purchase shares, see http://www.crowdcube.com/investment/tribe-festivals-limited-12077
Early Bird Weekend Tickets for Wychwood Festival 2013, which takes place from 31 May - 2 June at Cheltenham Racecourse, are also on sale now, priced as follows:
Weekend Adult: £100
Weekend Disabled 2 for 1: £100
Weekend Youth/Concession: £82
Weekend 10-15 Year Olds: £45
Under 10′s Free
Camping tickets:
Adult Weekend: £10
Adult Weekend in Campervan/Caravan/Live in Vehicle: £20
Weekend Youth/Concession Weekend: £5
Under 16 Weekend: Free
Click here to buy Wychwood Festival tickets.
Is this the future for festivals after a difficult 2012? VF’s Alex Fahey put forward his ideas on how the festival sector can find stability here. Let us know what you think too - leave us your comments below, or on Twitter or Facebook.
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