Later this month, Shindig will welcome 10,000 people to Dillington Estate in Ilminster for the last time to see acts including Groove Armada and Brand New Heavies.
“Pre-Covid, definitely, we’d get 50% of our sales early in the year and now it’s swung the other way,” said Mr Clarke.
He explained customers buying tickets last minute had left them with a “cashflow issue”.
On top of that, its running costs “are probably up by about 40% now”, added Mr Clarke.
Shindig employs about 1,000 staff and another 1,000 musicians each year.
Mr Clarke said it had been “difficult” to tell them all that next year would not be happening.
“It’s not great news for them or us.”
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