Brecon Jazz calls in the receivers

The Brecon Jazz Festival has called in the receivers two months after telling creditors it was suspending payments, according to reports from the BBC.

The festival, which celebrated its 25th anniversary this summer, said in October it had suffered a "significant loss" financially.

Powys county councillor Paul Ashton, a trustee of the festival board, told the BBC that bad weather during August had had an impact on revenues as last-minute ticket sales had been affected.

"As happens with events, it gets larger and larger and it's difficult to keep it a community event," he said.

"It may rise phoenix-like from the ashes."

An official announcement is expected later on Wednesday.

Read the full story on the BBC News website.