KAABOO Texas racked up nearly $20 million in losses, now someone is selling what's left.
at $50,000. The piece -- which can be purchased seperately -- was first commissioned for the 2017 festival in Del Mar when Gordon's daughterreached out to Amandalynn, who toldThe items will be shown to the public on Feb. 17. Neither a price nor a deadline has been advertised yet.
Even those who did buy tickets didn't show often up, the report found, estimating a 30% no-show rate for paying customers. The losses mounted by the festival "dramatically decreased the amount of revenue-based management fees" payable to KAABOO, according to the report. The festival also owes Jones' investment company $4 million -- half of the $8 million the two parties agreed to invest in the festival, due to be repaid to Blue & Silver by April 30, 2021.
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