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VenezuelaStar.com Tuesday 7th February 2012 Volume 10/038
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    Paul McCartney steps in on EMI deal
    Venezuela Star
    Thursday 18th February, 2010  


    Former Beatle, Sir Paul McCartney, has told the BBC he would like to see the Abbey Road studios saved.

    After hearing news Abbey Road would be put up for sale by EMI, Sir Paul agreed to speak to the Newsnight program, where he said other people associated with the studio may be mounting a bid to save it.

    Abbey Road studios are best known for being the place where the Beatles recorded their albums.

    The building and studios are believed to be worth £30 million, which would be an enormous help to the debt-stricken record company, which owes about £100 million.

    EMI is now owned by private equity company Terra Firma.

    Sir Paul said he sympathised with those wanting to protect the building.

    EMI recently revealed that it needs to raise more than £100m from investors to prevent it from breaching its banking arrangements with US lending giant Citigroup.


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