Generally, the annual budget is around 20 million
https://www.tellerreport.com/news/2020-02-10---mad-cool-asks-the-city-council-and-community-of-madrid-for-a-grant-of-16-million-euros-.BkXEBrE0f8.html
The presale starting today is available only for Santander credit or debit card holders, because the ticket must be purchased using a visa or a mastercard/maestro card issued by this bank
No trouble. Mad Cool will be held the next year as planned. The message they published is not related to the cancellation of the festival, but is a marketing solution to add more hype. It is well explained in this spanish article: https://www.larazon.es/cultura/musica/mad-cool-celebrara-2024_20231203656cf5b90ec7c80001bae810.html
They are going to release the lineup this week.
so I assume that the Google maps (https://maps.app.goo.gl/ZeuoephVmwo5EE9cA) site is a fake one, because in the video the festival location is very close to the Vasco da Gama bridge, but the Google maps site is in a different location, in the south
https://www.rollingstone.co.uk/music/live-reviews/mad-cool-festival-2023-review-musical-royalty-descend-on-madrid-for-three-days-of-greatness-31098
Read this article by Rolling Stone magazine and found no one word about the lack of organization at the festival.
WHAT A SHAME