Fyre Festival investor Andy King warns of ‘red flags’ over reboot

The original Fyre was promoted by supermodels and celebrities as an exclusive getaway for the very rich, and the location was hyped as a private island once owned by drug lord Pablo Escobar.

Festival-goers arrived to find all the talent cancelled, bare mattresses to sleep on in storm-ravaged tents and cheese sandwiches in takeaway containers to eat.

McFarland was sentenced in 2018 to six years in jail for wire fraud, and was also ordered to return $29m to investors.

He was freed in 2022 under an early release programme but remains on probation until next August.

According to McFarland, tickets for next year will start at $1,400 but will go as high as $1.1m.

The most expensive package will include scuba diving, island hopping and luxury yachts.

He said the event was “not going to be just music” and could include sideshows like a live karate combat pit.

He admitted, however, that he has yet to book any talent.