Fabric on verge of administration?

Rumours are circulating that London’s Fabric nightclub has gone into administration, only days after sister club Matter shut its doors for the summer.

A host of rumours – all so far unsubstantiated – have been circulating on social networking sites today, with veteran London producer and label boss Ben Watt using his Buzzin’ Fly Twitter and Facebook pages to say simply: “just heard – fabric’s gone bust”. (Update: you can read Watt’s take on the social networking firestorm that ensued here).

Fabric previously went into administration in 2003, with the venue’s owners almost forced to sell up after an interim judgement in a building dispute dating back to 1989 went against them.

The 25,000-square foot venue is regarded by many as the beating heart of London’s nightlife.  If it closed it would come as a devastating blow to the city’s already dwindling reputation as a clubbing capital.

Last week Matter – which is run by Fabric founders Keith Reilly and Cameron Leslie – announced it had “temporarily closed over the summer period with a view to re-launching later in the year”. Matter also cancelled all of its upcoming shows, with company directors locked in talks with AEG, the O2’s owners.

UPDATE (2/6/10): Read our latest story on developments here.

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  1. […] feels like only yesterday when people were querying its future thanks to the financial miscalculation that was Matter. Well, it was actually a few months ago, and thankfully Farringdon’s finest seem unfazed by […]

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  4. Wavatar IainC says:

    Fabric has gone into administration, PricewaterhouseCoopers are trying to find a buyer. http://ping.fm/0tBHB

  5. Wavatar trooper says:

    There is no need to make people nervous about something that is not happening.

  6. Wavatar Juno Plus says:

    Hey – obviously all rumour so far – nothing will be official until Fabric release a statement.

  7. Wavatar Tom Burnell says:

    This is not true! Word on the inside reveals its all the power of social media!