{"id":163,"date":"2010-05-05T08:44:58","date_gmt":"2010-05-05T08:44:58","guid":{"rendered":"http:\/\/skylight.gr\/administrator_wordpress\/index.php\/2010\/05\/05\/guy-hands-has-just-10-days-to-save-emi\/"},"modified":"2010-05-05T08:44:58","modified_gmt":"2010-05-05T08:44:58","slug":"guy-hands-has-just-10-days-to-save-emi","status":"publish","type":"post","link":"https:\/\/skylight.gr\/index.php\/2010\/05\/05\/guy-hands-has-just-10-days-to-save-emi\/","title":{"rendered":"Guy Hands Has Just 10 Days To Save EMI"},"content":{"rendered":"<p>Guy Hands has just 10 days left to convince investors to add fresh funds to save EMI from the hands of the bankers at Citi. Because of the looming deadline, the <span id=\"lw_1273049040_25\" class=\"yshortcuts\" style=\"cursor: hand; border-bottom: #0066cc 1px dashed;\">Terra Firma<\/span> boss has reportedly slashed his fundraising goal to just the \u00a3105 million needed to make one overdue loan payment and stop foreclosure for the next 10 to 12 months. Hands had originally been asking investors for \u00a3360 million.<\/p>\n<p>  <!--more-->  <\/p>\n<p>\u00a0<\/p>\n<div style=\"text-align: justify;\">A few of the firm&#8217;s largest investors have apparently given <a href=\"http:\/\/www.feedblitz.com\/t2.asp?\/395530\/13380062\/3832525\/http:\/\/business.timesonline.co.uk\/tol\/business\/industry_sectors\/retailing\/article7114017.ece\" target=\"_blank\" rel=\"nofollow\"><span id=\"lw_1273049040_26\" class=\"yshortcuts\"><span style=\"text-decoration: underline;\"><span style=\"color: #0066cc;\">verbal commitments<\/span><\/span><\/span><\/a>, but Hands still needs to secure the support of 75% of his fund&#8217;s 200 investors before the May 14th deadline.\u00a0 It may not be an easy decision for investors. On the one hand cost cuts have lowered overhead without apparently hampering the label group&#8217;s ability to <a href=\"http:\/\/www.feedblitz.com\/t2.asp?\/395530\/13380062\/3832525\/http:\/\/www.dailymail.co.uk\/money\/article-1270340\/EMI-owner-Hands-ditch-bid-pay-loans.html?ito=feeds-newsxml\" target=\"_blank\" rel=\"nofollow\"><span id=\"lw_1273049040_27\" class=\"yshortcuts\"><span style=\"text-decoration: underline;\"><span style=\"color: #0066cc;\">deliver hits<\/span><\/span><\/span><\/a>. At the same time, however, the turmoil has led key artists like <span id=\"lw_1273049040_28\" class=\"yshortcuts\" style=\"cursor: hand; border-bottom: #0066cc 1px dashed;\">Paul McCartney<\/span> to move their profitable catalogs and others to reexamine the risk of doing business with EMI at all. <\/p>\n<p>Source: Hyperbot<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Guy Hands has just 10 days left to convince investors to add fresh funds to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[25],"tags":[],"class_list":["post-163","post","type-post","status-publish","format-standard","hentry","category-music-biz"],"_links":{"self":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts\/163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/comments?post=163"}],"version-history":[{"count":0,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts\/163\/revisions"}],"wp:attachment":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/media?parent=163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/categories?post=163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/tags?post=163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}