Following reporters on Friday that promoter Triple A were having problems with their proposed series of events in Hyde Park, it was confirmed this weekend that all concerts, in the Route of Kings programme - including Blue, Simply Red, Roxy Music, Jools Holland, Yes and Paul Weller – have been cancelled as the promoter is forced into administration.
As reported on Friday, the concerts were in doubt after Triple A failed to pay the first down payment to Royal Parks who are responsible for events in London's parks. Since then Triple A have said unsuccessful attempts to secure the £5 million they are currently owed by their debtors has made trading impossible meaning this summer's concert programme will have to be cancelled.
Despite the announcement, the three founding directors of Triple A - Dennis Arnold, Pete Wilson and Martyn Stanger - have found investment for a new venture under the moniker 3A. The new company will continue to operate as an independent concert promoter with Blue, Paul Weller and Daniel Bedingfield are some of the artists to stay on the books.
Arnold told reporters: "We are obviously extremely disappointed that we have had to put Triple A into administration, particularly as we have enjoyed some great successes and have worked with a fantastic range of artists, agents, managers, venues and suppliers. We very much hope to continue working with them as part of our new venture and are extremely thankful to have received so much support from clients and suppliers across the industry."