BusinessBusiness RecoveryNo more wild nights at the Marquee Club

No more wild nights at the Marquee Club

The world-renowned Marquee Club, once a legendary London nightspot in the 1960s, has called in the administrators after suffering cash-flow difficulties just four months after it reinvented itself and reopened.

Link: Music sounds good at the Sanctuary Group

In its heyday, the Marquee was the hub of the music scene, hosting acts like Jimmy Hendrix, David Bowie and Mick Jagger, and it was featured in a Wham! video in the late ’80s. But as audiences died down the club faded and eventually closed for six years.

Last year, the Marquee name was revived by former Eurythmics guitarist Dave Stewart. It was relaunched in Islingtion with as a digitally revamped music venue with a bar and grill.

But the club did not do as well as it was originally hoped, despite it booking famous acts like Prince, Ms Dynamite and the Sugarbabes. Many believe its lack of popularity was due to its rebranding and loss of the original Marquee’s ‘scruffy rock and roll’ image.

Administrators at BDO Stoy Hayward, appointed last Monday, will continue to run the club until a buyer is found.

Administrator Tony Nygate said: ‘Ticket sales for live music acts have been robust in the last six months, aided by the strength of the club’s brand. The Marquee is an attractive business that can be significantly built upon by an entrepreneur who is serious about making an impact on London’s music scene.’

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