According to a report in the New York Post, investors in a pair of Terra Firma funds that own EMI, have told Guy Hands, the owner of the private equity firm, they were unwilling to throw more money at his three-year-old investment.

Earlier this year Hands struggled to persuade investors to put an additional £105m into the music group to keep it from defaulting on its £3.2bn debt.

The company now faces another test at the end of March when ...