Sydney’s iconic pub and live music venue the Bald Faced Stag has been offloaded by notable Sydney publican Marcus Levy for $7.98 million, according to Commercial Real Estate.
This comes after the venue was accused of ripping off artists earlier this year, with it being reported that bands who played there were owed as much as 40k. It has not yet been announced who bought the venue.
“We have been made aware that various shows that were held at the Stag over the last ten months including The Dillinger Escape Plan and The Peep Tempel have been left chasing the pre-sale ticket money they are owed for their sell-out shows at The Stag by Ulladulla Property Services.
The owners, Marvan Hotels wrote in a statement: “It’s of concern that Ulladulla Property Services did not meet its obligations to suppliers and particularly bands who are the lifeblood of the venue.
The iconic Sydney venue has held the likes of international metal acts like Cattle Decapitation, and Salvia this year, with performances by Sabbat and Pain.
Updates are still to come.
