New Order lost over £4,000 a week for the first five years of owning Manchester nightclub the Hacienda, according to Peter Hook’s new book The Hacienda – How Not To Run A Club.

During the same 1984-’89 period, the band were also hit with a tax bill for £800,000 despite being paid just £100 each a week, Hooky revealed, though the club remained their greatest money pit throughout its 15 year life.

“I made so many wrong assumptions. I never associated what I saw at the Hacienda with our money,” he confessed. “I believed that everyone who worked there had the same objective in mind as me: to make it a success. I assumed everyone knew what they were doing. I was wrong on all counts.”

Hook also wrote explicitly about his precarious experiences with drugs during the period, going into detail about being slipped ketamine – “Apparently at one point in the evening I’d stood in front of the stage, nodding, telling anyone who’d listen ‘The guys in this fucking band are great’…there was nobody playing” – as well as recounting the first time he took ecstasy, in Ibiza in 1988, when New Order were trying (and subsequently failing) to record the album that eventually became Technique.

Recalling rushing around to find a toilet as he first came up on the pill (‘I needed to shit like I’d never felt before’) he described the next sensation as feeling ‘like having a rocket up my arse’ prompting a frenzied night of rushing round Ibiza during which he lost his friends in San Antonio.

“I came to my senses about ten hours later, five miles away in Ibiza Harbour, sat on a bench and watching the sun rise,” Hooky recalled. “God knows how I got there, but as I stared blankly out to sea, I thought I saw a little black thing come out of the water. Like a periscope. It looked round; it WAS a periscope. A flaming submarine rose up and docked. All the sailors emerged from inside and lined up on the deck; someone whistled, they saluted, then all disembarked, walked past where I sat, then marched into town. It was the most incredible thing I’d ever seen,” he wrote.

It’s an enlightening read all told in Hooky’s inimitable eccentric style and will surely be a prize item for dance music aficionados when it’s released in November. To sweeten the deal that extra bit, Hooky’s even put together a companion compilation of acid house hits to carry on the Hacienda’s legacy. Peep the tracklist below.

Disc 1:
1. Man Ray – Ways Of Making Music
2. A Guy Called Gerald – Voodoo Ray (HAC09 Manray Edit)
3. Hardfloor – Acperience 1
4. Frankie Knuckles ft. Jamie Principle – Baby Wants To Ride
5. Bassheads – Is There Anybody Out There?
6. Fast Eddie – Acid Thunder (Fast Eddie Mix)
7. Mr Fingers – Washing Machine
8. Phuture – Rise From Your Grave (Wake Da Fuck Up Mix)
9. Charles B & Adonis – Lack Of Love
10. Maurice – This Is Acid
11. Josh Wink – Higher State Of Consciousness (Tweakin Acid Funk Mix)
12. Ralphi Rosario – An Instrumental Need
13. Mr Lee – Pump Up London

Disc 2:
1. Man Ray – We’re On It
2. Sleezy D- I’ve Lost Control
3. Phuture – Acid Tracks (Afro Acid Mix)
4. The Party Boy aka Bam Bam – The Twilight Zone
5. New Order – True Dub
6. Rhythmatic – Take Me Back
7. Victor Romeo – Acid Raid
8. Last Rhythm – Last Rhythm
9. Jack Frost and the Circle Jerks – Two The Max
10. Reese & Santonio – Rock To The Beat
11. Neal Howard – Indulge
12. Phortune – Jiggerwatts
13. Esctasy Club – Jesus Loves The Acid