U2 To Lose Over $150 Million Over Their Canceled Tour

According to a new report, Irish band, U2 stand to lose up to $150 million from the cancellation of their world tour after Bono underwent emergency back surgery last month.

Their manager Paul McGuinness tells Britain’s The Sun, “If we play or not, touring still costs us £500,000 a day.”

One insider adds, “Bono and the band are covered by insurance but the cost of overheads and missed revenue could easily reach £100 million by the time he’s fit enough to tour again.”

They are all rich enough already so I am sure they will all be OK! The band is set to announce the rescheduled tour dates later this week.

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