South African Blue fans left in limbo as company behind concert faces liquidation

Ticketholders for the cancelled British band Blue concert have been holding their breath in anticipation of news about their refunds. Top Tickets and de Villers have been unresponsive to queries from disgruntled ticketholders.

On Tuesday, De Villiers National Cycling issued a statement revealing that the company has officially ceased all operations following the successful liquidation application brought by Hit Factory.

The Western Cape High Court granted a liquidation order against de Villiers' company, De Villiers National Cycling (also known as Cool Concerts and Top Tickets), after owing more than R2 million to production company Hit Factory.

“The business is under the authority of the appointed liquidator, who will oversee all further transactions and manage the winding-up process in accordance with applicable legal procedures.

“The liquidation process is now underway, with all company assets, liabilities, and matters of outstanding concern falling under the direction of the appointed liquidator,” read the statement.

De Villiers National Cycling lamented the "sad" turn of events, attributing it directly to Hit Factory Productions' aggressive liquidation action, initiated just two months after the alleged debt arose.

“Customers, suppliers, and stakeholders are advised that no further transactions, agreements, or representations may be conducted by or on behalf of De Villiers National Cycling, unless expressly authorized by the liquidator.”

Hit Factory confirmed that it was liquidating to recover debt owed and was awaiting the appointment of a liquidator. When asked about the Blue concert refunds, Murray Lubbe explained that a lot of people owed were coming to the front, including disgruntled cyclists, who had entered races organised by De Villiers National Cycling.

Blue tickets ranged from R350 up to R750, with a VIP private viewing costing R1800.

IOL