Michael Eavis suggests festival may only have three more years left
In an interview in the Times Eavis has pointed to the overabundance of festivals in the summer season, cheaper foreign alternatives and general rising living costs as reasons why his festival may be forced to call it a day in "three or four years".
"Partly it's economics, but there is a feeling that people have seen it all before," he told the Times. "Womad and Latitude are not selling out ... We sell out only because we get huge headliners."
This year's festival was headlined by the likes of U2 and Coldplay, and it sold almost all 177,000 tickets in around four hours. However, Eavis revealed that the festival LOST money in 2008 when Jay-Z headlined (they lost around £22m and "We nearly went bankrupt" he said).
There will be no Glastonbury next year as the farm takes a break to recover (and give the Olympics the spotlight) but it will be back in 2013 and Eavis has revealed his "dream" bookings - Rolling Stones, Led Zeppelin and, erm, Dolly Parton.