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OXFORD’S biggest music festival Common People has been scrapped after going into administration with debts of more than a quarter of a million pounds.

The two-day event has brought stars from around the world and more than 10,000 people a day to South Park for three years.

Headliners included Duran Duran, The Jacksons, Pete Tong, Sean Paul and Oxford rock band Ride

It also provided a platform to local bands, artists and performers and brought thousands of pounds to local businesses both on site and in the city.

Oxford City Council is owed about £5,000 for the hire of the park and its corporate arm Direct Services is owed another £2,000 which includes the cleaning bill. Oxford Story Museum is owed £1,000.

The event was staged by DJ Rob da Bank, who also ran Bestival and the family-focused Camp Bestival, both in Dorset.

However, his company Bestival Ltd ran into financial difficulties last year, partly brought on by a weekend of bad weather last summer which forced the early closure of Camp Bestival. Refunds were promised to ticket holders. Many artists – including Plan B and London Grammar – were also owed money.

Camp Bestival has been rescued and will be run by Live Nation and promoter SJM. However Common People Oxford and its sister event in Southampton will go.