The future of the Rose of Tralee festival has been secured after the festival committee received a number of significant financial donations.
The chief executive of the Rose of Tralee festival, Siobhan Hanley, said that they have received donations of about €200,000 in the past 24 hours.
She said the donations came from private businesses in Tralee and elsewhere in Ireland.
The festival committee has also been pledged significant money, some of them from donors outside Ireland.
Anthony O'Gara & Associates have now been given the task of restructuring the business.
