In a statement shared with “Pride artists, contractors and suppliers”, Manchester Pride says it makes the announcement with “enormous sadness”.
“A combination of rising costs, declining ticket sales and an ambitious refresh of the format aimed to challenge these issues has led to the organisation no longer being financially viable,” it says.
“We regret the delays in communicating the current situation.
“We had hoped to be able to find a way to continue, and, most importantly, to support our artists, contractors and partners.
“We are sincerely sorry for those who will now lose out financially from the current situation,” it continues.
It had announced plans to hold 2026’s event over next year’s August bank holiday weekend, as per tradition.
Equity, which represents entertainers and performers, told Newsbeat more people contacted it about money owed after Manchester Pride posted on social media saying it was taking legal and financial advice to determine “the best way forward”.
The government’s Charity Commission said it was “assessing concerns” about the organisation, which had submitted a “serious incident report relating to its finances”.
Newsbeat has also asked Manchester City Council to comment.
