THE founders of Camp Bestival say they’re "back in control" after the music festival announced 'financial difficulties' last month.

As reported in the Daily Echo, billionaire James Benamore made a £1.1 million offer to take over the Purbeck festival in September, days after his business the Richmond Group filed court papers seeking to put the companies behind the popular music event into administration.

The Richmond Group had loaned the organisers £1.6m in February, and had taken a charge on some of their assets.

The company did not clarify whether the pledge to continue the family Camp Bestival event also applied to the main Bestival.

Today, a statement was published on Camp Bestival's website, which reads: “Josie and Rob da Bank are thrilled to finally announce today that they are back in control of Camp Bestival - the magical family festival they created 11 years ago.

“With the help of Live Nation Gaiety and SJM we will really be able to bring more of our creative vision to life with the support structure needed going forward.

"Our aim has been and will always be to create the best ever family festival. We look forward to sharing this new chapter with you. More news very shortly.”

Live Nation, which holds stakes in a number of festivals across the UK, will now work with SJM and organisers to deliver the festival next year.

Camp Bestival, described as Bestival's 'little sister', is a family-friendly offshoot which has been based at Lulworth since its beginnings in 2008.