Popular record label veteran Tony Wadsworth definitely won't be joining Sony Music UK, Music Week has learnt – despite recent online speculation suggesting he could land a top job at the major.

"Tony's got no desire whatsoever to return to a major record company position," said a source close to Wadsworth. "He's been there, done it and bought the T-shirt from the merch stall."

Wadsworth, the current chairman of the BPI, previously spent 26 years at EMI. He was chairman ...