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Promoters at Las Ventas arena, which hosts Madrid's annual San Isidro bullfighting festival, have refused to pay the "exorbitant" fee to secure the appearance of Spain's best loved torero in the ring this June.

The business of bullfighting: A Spanish moneymaker or drain on

But with Spain's most notorious "sport" suffering hard times as a result of rising costs and falling popularity, Taurodelta, the company that stages the event in Madrid has cut the star from its line-up after he refused to drop his price. Virtual reality game lets you run with the bulls.

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He went on to perform to sell out crowds, earning himself seven ears - the highest possible accolade for a torero. He also survived three gorings, thrilling crowds with his death-defying feints before dispatching a selection of the best bulls in Spain. But with Spain suffering in the deepening economic crisis and the regional government of Madrid in debt to the sum of more than six billion euros there are questions over whether it will step in to subsidise what many feel is a "wasteful extravagance".

Smaller bullfighting festivals have already been threatened with the axe to save public money, a move that has led to fury amongst aficionados and cries of victory from the strengthening anti-bullfighting lobby.

In a subsequent referendum, over half voted to scrap the annual celebration. Fifty-six Spanish towns, 53 of them in Catalonia, where anti-bullfighting sentiment is strongest, have already declared that they are in favour of abolishing bullfights. Many more have cut all financial aid for a business that is heavily subsidised by the public purse. Nearly million euros of public money was spent last year on promoting bullfights, subsidising local fiestas, and maintaining bullfighting schools.

A Gallup poll carried out in found that 72 per cent of Spaniards had no interest at all in watching bullfights, up from 46 per cent two decades earlier.

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