Monday, February 15, 2016
February 28, 1966 – Cavern Club (which famously gave rise to the Beatles) in Liverpool closes due to massive debts.
Over 10,000 pounds (about $16,600 US dollars) in debt, the owners of Liverpool's famous Cavern Club -- where the Beatles got their start -- decide to close the rock institution. 100 fans barricade themselves in the club, but to no avail. The venue would later become a subway station, although the Cavern would eventually reopen in a different location.