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Fyre Festival ticket holders to receive £5,225 each

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Fyre Festival made headlines four years ago for being “the world’s biggest flop” – now, a court has put a price on the nightmare: approximately $7,220 (£5,225) apiece.

The $2m (£1. 45m) class-action settlement, reached between event organisers and 277 ticket holders in New York on Tuesday (13 April), is still subject to final approval and could be affected by the outcome of Fyre’s bankruptcy case with other creditors.

The 2017 festival, founded by entrepreneur Billy McFarland and the rapper Ja Rule, was billed as “the cultural experience of the decade”.

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