The organisers of the Rose of Tralee Festival say the festival's future has been secured by a number of significant financial donations received over the past 24 hours.
Rose of Tralee Chief Executive Siobhan Hanley has said about €200,000 came from businesses throughout Ireland, following a warning yesterday about the festival's finances.
The company which runs the festival will now be restructured and creditors are to be paid 30 cent for every euro owed.
