Potential bad news for juggalos and juggalettes: Psychopathic Records, the recording company of the Insane Clown Posse and the organizer of the annual Gathering of The Juggalos music festival, are having some financial issues following the most recent installment of the event. Some vendors have reported that checks cut to them for their services have bounced.
Event-Tex, a vendor who has handled power generation and distribution for the festival for several years, said that it was owed more than $54,000. Patrick Gail, the owner of the company, has been in contact with other vendors and found that they're experiencing the same issues. He estimates that all-told, Psychopathic Records owes around $300,000. He acknowledged that this is the first year that the company has had any issues with regard to the planning of the Gathering.
Psychopathic Records issued a statement to the AP regarding the bounced checks.
"Putting on a five-day music festival this ambitious is a very time consuming and expensive process," it read. "Unfortunately, in our attempt to provide the best possible event for our fans, expenses exceeded estimates and expectations, which we had not previously planned for. The company putting on the event, Juggalo Gathering Inc., has no intention of turning its back on these financial obligations and is in the process of preparing a plan to take care of all vendors. We thank all of our vendors for their understanding."
Seems like a fairly rational response, so perhaps there's no reason for juggalos to be worried yet. The festival has been successfully held at Cave-In-Rock, Ill, since 2007 and there haven't been any indications that things will change for 2014. The shortage of funds is somewhat alarming however.
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