Belfast Telegraph

Thursday 18 September 2014

We have no plans to sell Abbey Road: EMI

Music group EMI has said it does not plan to sell London's Abbey Road recording studios.

After days of heated speculation over the fate of the site made famous by The Beatles EMI released a statement saying it believes the studios should remain under its ownership.

The firm also said it had rejected an offer for the historic building last year.

It did however say it was in talks with “interested and appropriate third parties” about funding a “revitalisation” project. EMI said it had been holding discussions over the regeneration plans since November.

“At all times these plans have focused on providing access to artists and, where possible, members of the public,” the firm said.

“In mid-2009 we did receive an offer to buy Abbey Road for in excess of £30 million but this was rejected since we believe that Abbey Road should remain in EMI's ownership.”

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Your Horoscopes by Russell Grant

Virgo:

Read the fine print on a contract. If you're not happy with the proposed terms of a deal, renegotiate. Don't be afraid to drive a hard bargain. You may not realise it, but you have a great deal of power. People are willing to pay good money for someone with your intelligence and experience. If you undersell yourself, you will set a dangerous precedent. Someone will ask you to do something that goes against your conscience. Obey your principles, even if it means making an enemy.More