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# Can Tom Jones Save EMI As Loan Default Looms?
- URL: https://www.hypebot.com/can-tom-jones-s/
- Published: 2008-12-08T09:09:40.000Z
- Updated: 2008-12-08T09:09:40.000Z
- Description: EMI is praying that Santa is generous this season as it stares down a major post-Christmas payment due on £2.7 billion in loans from Citigroup. UK analysts are warning that. Continue reading [https://www.hypebot.com/hypebot/2008/12/can-tom-jones-s.html]
- Author: Bruce Houghton
- Tags: Major Labels, #wp, #wp-post, #Import 2026-01-21 11:03

[![Emi](https://spcdn.shortpixel.ai/spio/ret_img,q_cdnize/www.hypebot.com/hypebot/images/2008/12/08/emi.png "Emi")](https://www.hypebot.com/.shared/image.html?/photos/uncategorized/2008/12/08/emi.png)

[![Tom_jones_bare_chest](https://spcdn.shortpixel.ai/spio/ret_img,q_cdnize/www.hypebot.com/hypebot/images/2008/12/08/tom_jones_bare_chest.jpg "Tom_jones_bare_chest")](https://www.hypebot.com/.shared/image.html?/photos/uncategorized/2008/12/08/tom%5Fjones%5Fbare%5Fchest.jpg)

  
EMI is praying that Santa is generous this season as it stares down a major post-Christmas payment due on £2.7 billion in loans from Citigroup. UK analysts are [warning](http://www.thisislondon.co.uk/standard-business/article-23598244-details/EMI+battling+under+2.7bn+loans+burden/article.do?ref=hypebot.com) that EMI must generate significant cash by March to meet its obligations, If not, Terra Firma, the private-equity which bought EMI for £2.4 billion and already added £10 million three months ago to avoid default could be forced to inject more funds.

What blockbuster releases are EMI counting on to fill its holiday coffers? A new album from Tom Jones plus a Coldplay release made up of songs that didn’t make it on to the band’s current album "Viva La Vida".