An unlikely team of veteran rockers has pitched in to save the U.K.'s Planet Rock from extinction.

The digital station owned by radio group GCap has been acquired by businessman Malcolm Bluemel (chief executive of British passport and visa services company TLCS Global Visa Services) and a consortium supported by Black Sabbath guitarist Tony Iommi, Jethro Tull frontman Ian Anderson, guitarist Gary Moore and former Marillion frontman Fish.

The deal was sealed today, and confirmed on the station's Web site,

A statement from the company reads, "Everyone at the station is over the moon and more than a little relieved that we've got the outcome we hoped for and that the wait is over. Now we can get back to normal."

Bluemel beat out Queen guitarist Brian May, who, as previously reported, was part of a rival consortium to buy the station. May has since written on his blog that he was "shocked and hugely disappointed" to miss out.

According to reports, the station was sold for a nominal sum, and will initially continue to broadcast from GCap's studios in central London's Leicester Square.