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Kings Of Leon Cancellations Could Cost Over $15 Million

August 4th, 2011 1:00pm EDT

Kings of Leon

It's a good thing Kings of Leon insured their tour. The band cancelled the rest of their North American appearances after Caleb Followill suffered from a bout of exhaustion. The cost of those cancellations? Rolling Stone reports that it could cost insurer Lloyd's of London over $15 million.

Ticket holders, promoters, and venues will all have to be repaid for the lack of a performance at 29 shows. 

Watch "Canceled Kings Of Leon Tour To Cost $15 Million"

Since the cancellations, rumors have been rife that Caleb will be ushered into rehab for alcohol and drug abuse. Jared Followill recently tweeted: "I love our fans so much. I know you guys aren't stupid. I can't lie. There are problems in our band bigger than not drinking enough Gatorade"

© 2011
Photo Credits: © Frank Micelotta, Picture Group for VH

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