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Police have issued a statement saying the festival was in fact cancelled due to rain, rather than overcrowding and over-ticketing (as we first thought yesterday) according to the NME.
The Metropolitan Police have said in their statement:
"The problem stemmed from rain, and people hiding under cover during the showers, creating huge 'pinch-points'. [This created the issues], rather than any over-ticketing."
It seems an odd statement to make considering there was no heavy rain on Friday night.
It has also been confirmed by the authorities that there were no injuries or fatalities reported at the site, despite rumours that have been floating about.