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John Giddings, European promoter for U2's PopMart tour, today commented on press reports that the band's recent Sarajevo concert netted just US$13,500.

"This figure does not reflect the other costs of producing and transporting this enormous show to Sarajevo. It is inaccurate and only part of the picture," he said.

"This concert was never intended as a fundraiser and showed a considerable loss. With a ticket price of £8 there could never have been a profit."

This ticket price was established to make it affordable to the maximum number of people in a region devastated by war and unemployment. The show at Kosevo stadium was sold out with 40,000 people in attendance.

U2 were willing to take a loss on the concert on September 23 which was the fulfillment of a promise made by lead singer Bono during a visit to the war-torn city on New Year's Eve 1994. "When I come back I'll bring the band," he said.

Speaking from his office today Bosnia/Hercegovina's Ambassador and Permanent Representative to the United Nations, Muhammed Sacirbey, said; "We are perfectly satisfied with the result of the concert which was held to promote a sense of normalcy, peace and reconciliation in Sarajevo and not to raise money.

"This point was made repeatedly by all involved. President Izetbegovic is still very thankful to U2 and everyone involved and is dismayed by those who either due to ignorance or maliciousness might bright into question this landmark event."


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