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Wednesday, June 25, 2025

Michael Eavis, I’m not angry about your tax plans— I’m just very disappointed

BusinessMichael Eavis, I'm not angry about your tax plans— I'm just very disappointed



It seems Eavis, founder of the hippie field gathering turned middle-class mecca, may be plotting some light tax avoidance. In October last year Eavis, 89, showed some cold-blooded business acumen with a distinctly un-hippie vibe. He passed his shareholding in Glastonbury Festival Events Ltd to his daughter Emily, while three quarters of his shares in Glastonbury Festival Limited went to a family trust. Last year, by the way, the festival made £5.9m profit before tax (thanks to a couple of years of sunshine and the need to rebuild “vital financial reserves” post covid) , while the whole thing is worth anywhere between £150m and £400m.



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