Punters have reacted with a mixture of amusement and fury to the announcement Future Music Festival will not return to Australia in 2016. Many people were genuinely upset over the cancellation - blaming the festival organisers for sending themselves broke by spending too much money on headline acts Drake and Avicii. But others were quick to make fun of Future festival goers, blaming 'shirtless f***wits' for ruining the festival and joking that 'gym memberships and ecstasy dealers' would be hardest hit. Scroll down for video . Music fans pose during the Future Music Festival at Sydney's Randwick Racecourse in February this year . Punters have reacted with a mixture amusement and fury to the announcement Future Music Festival will not return to Australia in 2016 . 'What will we do with all the d*****bags in singlets?' Adam Connelly joked on Twitter. 'BUT WHERE WILL I WALK AROUND WITHOUT A SHIRT WHILST ON PINGAZ?!' Jake Finnigan posted on Facebook. More than 230 people were arrested over drug-related offences at Future Music Festival events around the country, which took place in Sydney, Perth, Adelaide, Melbourne and Brisbane between February 28 and March 9. On Thursday, organisers of the annual event released a statement announcing that it has been cancelled. Many people were genuinely upset over the announcement - blaming the festival organisers for sending themselves broke by spending too much money on headline acts Drake and Avicii . In a statement it was explained that due to low ticket sales and high operational costs, the festival could not continue . In the beginning: The festival first began in 2006 as a standalone one day festival in Sydney . 'It’s been a difficult decision to make but in the end travelling the festival in its current form across Australia simply doesn’t make financial sense anymore' the statement read. Following Thursday's announcement, music fans took to social media to express their disappointment. 'I've been to 5 out of the last 6 futures in Sydney and it's always been my favourite festival. However it was pretty obvious with your lineup this year that there was trouble in the camp,' Matt Duffy wrote on Facebook. 'I reckon Avicii and Drake alone would of sent you broke! I hope some people get crucified for this!' Following Thursday's announcement, music fans took to social media to express their disappointment . The decision comes just one month after the festival made its way through the major cities in the country . Meanwhile Faith Van Lith posted: 'These "superstar" DJs need to stop charging such retarded amounts of money they are destroying their own industry.' Another fan posted on Twitter: 'Future Music festival [because] DJs charge way too much. I mean is it really necessary to charge 250K for an hour?' Promoting company Mushroom Group released a subsequent statement explaining the decision. 'Despite the considerable critical acclaim of the 2015 festival, the last two years of ticket sales for the festival have underperformed, meaning Future Music Festival will not be returning in 2016'. Last time: The decision came just one month after the festival made its way around the country and was headlined by Avicii . On stage: Canadian rapper Drake was also a co-headliner at the dance festival this year . The decision comes just one month after the festival made its way through the major cities in the country this year, which was headlined by rapper Drake and DJ Avicii. Speaking to The Music  Group Chairman Michael Gudinski said: '...the cost to physically stage the events has significantly increased, even in just two years.' 'The fluctuating dollar also hasn’t helped and the increasing popularity of EDM [electronic dance music] in the States has seen DJ fees escalating out of control.' Mixing it up: Known for blending dance and rap artists in to the lineup, Macklemore performed on the 2014 bill . Gudinski believes that touring festivals will eventually be phased out altogether in Australia. '...Australia is following a trend that’s already been seen in America where touring festivals have become a thing of the past...Instead, stand-alone location festivals such as Coachella and Lollapalooza are going from strength to strength.' There is some positive news for disappointed fans as it was confirmed that the under 18 version of the festival, Good Life will continue. Crowd favoruites: Dance group The Prodigy performed at this years festival as well in 2013 and 2010 . Back to work: Future Music also marked the first slew of shows for singer Example this year after taking time off to be with his wife and newborn son . On the road: The festival's huge success saw it travel to Brisbane, Perth, Melbourne and Adelaide from 2007 onward . Mushroom Group also announced they are planning 'a new festival concept' which will take place in the same period that Future Music was held. The festival first began in 2006 as a standalone one day festival in Sydney, however its huge success saw it travel to Brisbane, Perth, Melbourne and Adelaide from the next year onward. Some local and international talent who have taken to the Future Music stage over the years include The Prodigy, Bloc Party, Skrillex, Rita Ora, Kesha and Macklemore.
Punters reacted with amusement and fury to Future Festival cancellation . Many people were genuinely upset over the announcement - blaming the festival organisers for spending too much on Drake and Avicii . But others were quick to make fun of Future festival goers on social media . Organisers said the festival 'doesn't make financial sense anymore'