The Who recently released their live album The Who With Orchestra: Live At Wembley. Promoting the release in an interview with USA Today, Daltrey said it’s unlikely the band will ever tour North America again. The Who toured North America last year, and according to Daltrey, it was a big economic risk:
I don’t know if we’ll ever come back to tour America. There is only one tour we could do, an orchestrated Quadrophenia to round out the catalog. But that’s one tall order to sing that piece of music, as I’ll be 80 next year. I never say never, but at the moment it’s very doubtful.
Touring has become very difficult since COVID. We cannot get insured and most of the big bands doing arena shows, by the time they do their first show and rehearsals and get the staging and crew together, all the buses and hotels, you’re upwards $600,000 to a million in the hole. To earn that back, if you’re doing a 12-show run, you don’t start to earn it back until the seventh or eighth show. That’s just how the business works. The trouble now is if you get COVID after the first show, you’ve (lost) that money.