Feb
5
“The huge loss is one of the biggest black holes ever seen in a private equity-backed business and threatens to shred the reputation of Guy Hands, the outspoken City financier whose Terra Firma group paid out more than £4bn for EMI just before the credit crunch took hold in the summer of 2007. It could also, ultimately, push the famous record label into the control of US bankers.”
EMI crashes £1.5bn into the red
