As debt ridden music group EMI reportedly prepares to sell London’s famous Abbey Road recording studio, moves are underway to save it as a national treasure.
Britain’s National Trust – which looks after buildings of particular significance – is thinking of buying Abbey Road which was immortalised by the multi-million-selling Beatles album of the same name.
EMI as to raise 138 million euros by June to pay back part of the 3.8 billion euros it owes to banks.
It is estimated that Abbey Road would raise 35 million euros at most.
The National Trust – which is a charity – said it is looking at buying the building after receiving a flood of calls from people urging it to step in.
The heritage organisation already owns the childhood homes in Liverpool of John Lennon and Paul McCartney.
Since the glory days of the Beatles, EMI has fallen on hard times. The private equity group that bought it in 2007 has been saddled a high debt burden and sales of its music have been weak.