Vince Power buys back Benicassim from administrators

Vince Power has bought back Spain's Benicassim festival from the administrators of his former company, Music Festivals PLC.

Power said in a statement: "I’m delighted that we have entered into an agreement to acquire the shares of Benicassim Ltd that has secured the future of the festival."

The event was under the control of Music Festivals PLC administrators Anthony Davidson and Stephen Ryman.

Music Festivals PLC, which also ran Hop Farm in Kent, called in the administrators in September.

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