The upscale festival charged up to $20,000 for a three-day VIP pass for its 2019 edition. Now it's under new ownership
The fate of the dormant upscale music festival, which is mired in litigation in several states, remains unclear. Some ticketholders have gone two years seeking, but failing to obtain, refundsThe three-day annual festival — then known as KAABOO Del Mar — was held at the fairgrounds from its inception in 2015 until its fifth edition in 2019. Three-day passes for the 2019 edition of KAABOO Del Mar cost up to $20,000 each.
“The issue with the Padres has been resolved,” said Tristan Hallman, chief communications officer for the Del Mar Fairgrounds, on Monday. “We received assurances from the Padres prior to entering into negotiations with .” Felts and Virgin Fest countersued, alleging KAABOO’s financial viability had been misrepresented by Gordon. He was also sued in 2019 by Molly Kingston, his former wife, who alleged Gordon had misappropriated $22 million from the couple’s holding company to help fund KAABOO.
Companies registered in Delaware are not required to identify who owns them. However, Billboard magazine last year reported that FLAAC is co-owned by event industry veterans Chris Racan and Carl Monzo. “ staff requests that the board delegate authority to to enter into Agreement 24-4001 with Festival Licensing And Acquisition Corporation, LLC, as presented, and to authorize CEO Moore to execute an addendum each year that an option year is exercised to memorialize the specific dates of the festival, including set up and tear down.