Existing shareholder Simon Moran, a partner with LN-Gaiety in the UK's Academy Music Group, also remains a shareholder in the business.

Live Nation UK president Paul Latham says, "We have long been interested in expanding our festival portfolio in strategic areas of the country and the acquisition of T In The Park gives us one of the world's most successful festival destinations in Scotland, a region where we haven't had a festival presence up until now. We look forward to ...