The Isle of Man Festival scheduled at Noble's Park on 6 July 2013 is to be cancelled.
At this time, the event can't move further forward due to the lack of ticket sales. The risk in pursuing the event would put businesses on and off the Island in jeopardy.
A great Festival was planned for the Isle of Man - with global artists, international and local media partners and world reaching sponsors. Sadly, this cannot now be realised.
The organisers wish to thank all those who committed their support and those people who did purchase tickets.
Ticket refunds should be directed to the agent from where tickets were purchased (i.e. PayPal or the Villa Marina and Gaiety Theatre).
Every endeavour to make full refunds on tickets will be made by organisers.
Any further information will be released via the Festival social media platforms which will continue to be manned for the rest of this week.
The Rolling Stones star has thanked fans for their support following the news.