Chris Martin Says Coldplay Is “Going Broke” from Handing Out Wristbands on Tour

Peter Kramer/NBCColdplay has been handing out illuminated LED wristbands to everyone at each of their concerts promoting their latest CD, Mylo Xyloto. While the band loves the effect that the wristbands offer, they aren’t happy that it's costing them a fortune.

“Most of the money we’re earning on the tour is put into the wristbands,” frontman Chris Martin tells U.K. newspaper The Sun. “We have to figure out how to keep it going without going broke because it’s a crucial part of the concert.”

Martin says that he originally wanted to collect the wristbands back from the audience at the end of each show, but that idea was shot down because it posed a serious health risk to their fans. “You have to clean everything in case someone picks up herpes or TB,” explains Martin. “Our lawyers told us we’d get sued, and having been sued a few times we’re not keen on that.”

You’ll get your chance to wear your wristband when the band kicks off its North American tour on June 22 at American Airlines Center in Dallas, TX.

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