Fabric bought by consortium – ends administration fears…for now.
Written by Michael
June 24, 2010 10:12 pm
It was the news everybody in the clubbing world had been waiting for. That legendary, world class venue we know as Fabric, is now out of administration after the club was bought by a consortium who have created a new company called Fabric Life Limited. Although this is undoubtedly great news, it does bring to mind quite what the future will be for Fabric. The new owners may not share the same visions for the future as founders Keith Reilly and Cameron Leslie, despite the claim in the official
“…nothing within the scope of the fabric ethos or team shall change…
After 10 and a half brilliant years, we look forward to many more.”
It’s not uncommon for such promises to be made in other instances of takeovers, to be then broken later on. Quite what the future really holds nobody can be certain of, and let’s not forget there are reasons why Fabric entered this difficult period in the first place, and the cause of these difficulties will not simply vanish with money. That therefore means that the club, and the company, must undergo inherent change to avoid such occurrence again in the future. In fact, only in the last few days, The Observer has reported that clubs are suffering due to a massive hike in DJ fees. Despite being traditionally a club that unearths new ground breaking talent, Fabric is undoubtedly also the pinnacle of world class DJ’ing. It may yet to be seen if the venue can continue to afford to put across such stellar line-ups in the future, if it is to survive.
Regardless of what actually happens, the news for today will no doubt bring instant relief to anyone who was previously worried about the future of the popular venue.
Categorised in: News