Well I must admit to being confused. I notice on your site you say:

The festival costs about £750,000 to put on. Half a million pounds comes from committed income before the week starts and that leaves almost £250,000 to be raised during the week. That has to come largely from Arena ticket sales and if it rains for only part of the week then the income is not made but the costs still have to be paid. Who pays the loss? [snip]...the two shareholders of Sidmouth International Festival Limited Steve Heap and Richard Carver. Quite rightly these two men are now saying that the personal risk is too great.

In recent years the festival has not always covered its costs and when that has happened, Mrs Casey Music has subsidised the Festival from its other activities. In spite of best efforts. it has not been able to build up a wet-weather contingency fund since the previous fund disappeared in the wet and muddy year of 1997.

It's too great a risk for the previous organisers but not a problem for the new organisers?