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The Beatles 50 Years Ago Today: February 28, 1966 (Monday)

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.

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