He does not own the complete site but only the portion where the Pyramid stage is erected and, therefore, it is increasingly difficult to stage the event. He is apparently looking for alternative sites and is keeping that fact a secret.
This has been reported in news.sky.com dated 19 June 2015.
So far, millions have been making the pilgrimage here for decades and, starting with just over a thousand people, it has now become the biggest and best-loved music festival in the world. When it started, the people were offered free milk with their ticket. The music lovers came for the music but the event also attracted free spirits probably to the site's symbolism and mystical links.
Right now nearly 135,000 revelers pay hundreds of pounds to join the party and watch star acts like Beyonce and The Rolling Stones. Obviously, it has undergone a sea change.
(Image courtesy wikimediacommons.org)
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