Executives running Manchester Pride, Britain’s premiere gay festival, have announced they are shutting down and liquidating their assets after financial missteps resulting in an inability to pay some of the top talent that performed at this year’s event.

Manchester Pride’s Board of Trustees told followers in Instagram that they are suffering “enormous sadness” over their announcement of bankruptcy.

“A combination of rising costs, declining ticket sales and an ambitious refresh of the format aimed to challenge these issues has led to the organisation no longer being financially viable,” the statement says.

View this post on Instagram

A post shared by Manchester Pride (@manchesterpride)

“We regret the delays in communicating the current situation,” the statement continued, adding “We ha

See Full Page