SFX has caught enough attention over the last few months, but its transgressions against dance music make for too juicy of a story to stop reporting. Despite filing for Chapter 11 bankruptcy and erasing $300 million from their debt, and despite receiving $80 million in loans, the company still owes over $490 million to creditors, with 11 of the 13 largest ‘non-insider’ creditors being companies waiting for their deferred purchase payments.
Of the $490 million, $23.6 million will go to Holland’s Alda Events, $10.7 million to Australia’s Totem OneLove Group, $5.8 million to React Presents, and $10 million to Made Events. Between these companies are several of the world’s biggest festivals, such as Spring Awakening, Summer Set, Amsterdam Music Festival, Stereosonic, and Electric Zoo. This expansive list of debt shows just how dubious TomorrowWorld‘s return is for 2016, especially with no current plans to return. While SFX lists its assets at $661.614 million and debts as $490.236 million, Sillerman and his controlled funds account for 37.8% of the company’s common stock, despite his resignation as CEO. IQ Mag has given the best interpretation of these figures:
“This means that a large proportion of SFX Entertainment’s creditors are still deeply involved in the company – and have a vested interest in seeing it continue in one form or another.” 
Digital Music News has acquired a list of many other creditors to which SFX Entertainment owes substantial amounts of money.
1. Mountain B.V. (Jeroen H.J. Preller)
Amount Owed: $11,682,500
2. Lewis Holdings B.V. (Jeroen H.J. Preller)
Amount Owed: $11,682,500
3. Paolo Moreno; Gabriel Moreno; Lawrence Vavra; John C. Hueston
Hueston Hennigan LLP
Amount Owed: $7,000,000
4. React Presents, Inc.; Clubtix, Inc.; Lucas King; Jeffrey Callahan
Harlan D. Kahn, Esq.
Bronson & Kahn, LLC
Amount Owed: $5,829,000
5. Mike Bindra
Mitchell Lambert, Esq.; Robinson & Cole, LLP
Amount Owed: $5,000,000
6. Laurie DePalma
Mitchell Lambert, Esq.; Robinson & Cole, LLP
Amount Owed: $5,000,000
7. Beggars Canyon Investments Pty Ltd., trustee of The Skywalker Family Trust
Amount Owed: $4,320,000
8. Nightlife Holdings, LLC
Amount Owed: $3,000,000
9. Winston Farm Limited Partnership
Amount Owed: $2,750,000
10. Hoeksema Holdings B.V.
Amount Owed: $2,511,465
11. The Deyson Trust
Amount Owed: $1,800,036
12. The Raff Family Trust
Amount Owed: $1,800,036
13. The F. Cotela Family Trust
Amount Owed: $1,800,036
14. Paul Hastings LLP; William Sullivan, Esq.
Amount Owed: $1,758,105
15. Wesselink Holdings B.V.
Amount Owed: $1,635,248
16. BDO; Thomas McLoughlin
Amount Owed: $1,156,295
17. The Robot Samba Trust
Amount Owed: $1,080,000
18. VistaJet US
Amount Owed: $1,013,974
19. Jan Willem van der Meer
Amount Owed: $792,173
20. ID&T BVBA
Amount Owed: $641,440.27
21. A2 Live
Amount Owed: $540,138.64
22. Berco Beute
Amount Owed: $528,113
23. Steptoe & Johnson
Michael Rennock, Esq.
Amount Owed: $480,292.72
24. American Express
Amount Owed: $450,000
25. Epic Tents
Amount Owed: $442,648.17
26. Joe Rascoff
Amount Owed: $360,000
27. NetSuite
Amount Owed: $347,591.21
28. PRS for Music (formerly MCPS)
Amount Owed: $327,681.50
29. Postlight LLC
Amount Owed: $315,000
30. Facebook, Inc.
(David M. Serepca)
Amount Owed: $313,904.42
31. GAIA
Amount Owed: $309,645.48
32. Front Gate Ticketing Solutions LLC
Amount Owed: $301,385.91
33. Mabey, Inc.
Amount Owed: $290,329.73
34. Sunbelt Rentals, Inc.
Amount Owed: $282,358.23
35. Nachtlab
Amount Owed: $276,648.17
36. Prisa Mexico
Amount Owed: $273,577.91
37. Crowd RX
Amount Owed: $269,603.89
38. Galmiche Entertainment
Amount Owed: $257,573.45
39. Enterprise Rent a Car
Amount Owed: $250,645.68
40. Paxahau
Amount Owed: $222,436.21
