Guy Hands just can’t let go of EMI.

The British financier, who runs private-equity firm Terra Firma, wants Citigroup to explain its reasoning for snatching the record label away from his company earlier this year.

Hands asked a British court for access to Citi documents that would spell out why the label was seized and also detail its valuation of the business.

EMI was placed into administration, the British equivalent of bankruptcy, by accounting firm PricewaterhouseCoopers after Terra Firma ran into financial trouble.

The bank, which had loaned funds to Hands to buy EMI in 2007, then repossessed the iconic British music label. Even though EMI hadn’t violated the terms of its loan, Citi argued that much of the value already had been erased. It was widely believed that Terra Firma would not meet its debt obligations when Citi took control of EMI.

Given Warner Music’s recent $3.3 billion sale to billionaire Len Blavatnik, Hands seems well-positioned to argue that EMI retained more value than Citi had previously argued.

One music industry source told The Post of Hands’ latest legal bid: “It’s pathetic and it’s a pity. The game is up, it’s over.”

Hands lost an earlier legal battle with Citi, which he accused of duping him into paying too much for EMI.

Execs close to Hands contend that Terra Firma had met its most recent debt payments and that the documents are needed to simply respond to investors. Terra Firma lost its $2.7 billion equity investment as part of the $6.5 billion purchase.

Meanwhile, Citi is expected to close its sale of EMI some time in mid-October, a source familiar with the situation said. Warner Music, Universal, Sony, BMG Rights and McAndrews & Forbes are among the interested parties.

Terra Firma declined to comment.

Citi said in a statement, “We believe there is no basis for any claim against Citi arising from the administration process and we do not consider that Terra Firma has any basis for asserting a claim against EMI.”