A HUGE weekend punk festival featuring veteran act The Damned could be called off due to financial problems.
The promoter behind Punk By The Sea, which is being held at South Parade Pier, in Southsea, broke the news in a statement released on Facebook this morning.
He told fans that the festival might not go ahead tomorrow and Sunday because of cash flow problems and having inexperience of putting on such a huge event.
Ticket holders have been told that they will receive full refunds if the four-day event, which began last night, is called off.
The Damned, which formed in 1976, are due to be the headline act tomorrow.
The group were the first ever punk rock band to have an album - Damned Damned Damned - in the UK music charts.
The festival is still due to go ahead tonight - but with fewer acts.
It is unknown whether bands including The Rezillos, Chelsea, Menace, Eastfield and Night of Treason have decided to pull out.
The statement said: ‘Due to a break down in communication, cash flow problems and the inexperience of putting on such a big event Punk By The Sea has occured some problems. We are aware of the up roar this has caused.
‘We want to give punks as many days of punk rock we can, and we are now currently working to carry on.
But as of now we only know that tonight is definitely on.’