Robert Plant rejects Richard Branson’s £500m offer to reform Led Zeppelin

Plant reportedly said there's 'no chance' of a reunion tour

Led Zeppelin‘s Robert Plant has reportedly turned down an offer of £500 million to reform the legendary group.

Reports claim that Sir Richard Branson had proposed the mammoth sum for a series of 35 live dates to take place in three cities. However, Plant, 66, remained adamant that he has no plans to tour.

“They have tried to talk [Plant] round but there is no chance,” a source said. “His mind is made up and that’s that.”

“Jimmy, John and Jason signed up immediately. It was a no-brainer for them but Robert asked for 48 hours to think about it. When he said no and ripped up the paperwork he had been given, there was an enormous sense of shock.”

Branson is a lifelong fan of the group and was allegedly very interested in funding the tour, offering to fly the band between venues. The band last reunited in 2007 for the Ahmet Ertegun Tribute Concert at the O2 Arena in London.

Led Zeppelin recently reissued versions of both ‘IV’ and ‘Houses Of The Holy’ remastered by Jimmy Page. Both entered the Official UK Album Chart in the Top Ten.

Meanwhile, Led Zeppelin‘s efforts to have a court case based around claims the band plagiarised ‘Stairway To Heaven’ dismissed have been rejected by a judge in America. The case was brought against the band by lawyer Francis Malofiy stating that his client – the late Randy California, who played guitar in Spirit – should be given a writing credit on the track ‘Stairway To Heaven’ as it resembles Spirit’s 1968 song ‘Taurus’. The two bands toured together in 1968 and 1969.

District Court Judge Juan Sanchez denied the motion to dismiss without prejudice, however lawyers working for Led Zeppelin can appeal again. Jimmy Page previously labelled claims that Led Zeppelin plagiarised the song as “ridiculous”.