Charlie Simpson is reported to have been paid a massive six figure sum by selling his share of the rights to the Busted name - so that McBusted could be formed without him.
Earlier this week, an unholy pop union was announced after former chart terrorists Busted and McFly came together to join forces as new 'supergroup' McBusted - set to tour next year. However, former member turned Fightstar and solo musician Charlie Simpson is not part of the new formation.
Now, The Mirror claims that Simpson called a meeting with the band to sell his third of shares to the copyrighted Busted name - so that members Matt Willis and James Bourne could take part without him.
A 'source' told the paper: "He is getting on with his solo career, he isn’t really even working with Fightstar - the band he created after leaving Busted - but didn’t feel it was fair not to be bought out of the Busted brand."
"All three sat down amicably and worked out a figure that everyone was happy with. Charlie made it clear in no uncertain terms that that’s it for him and the boys now, it’s finished."
Watch McBusted's press conference below
Simpson has since spoken out to lend his full support to the group.
McBusted's 2014 tour dates are below. Tickets on sale 8am tomorrow (Friday 15 November). Visit Gigwise Gig Tickets for more information.
19th April: Liverpool Echo Arena
21st April: Bournemouth International Centre
28th April: Metro Arena Newcastle
29th April: Capital FM Arena Nottingham
30th April: First Direct Arena
3rd May: Birmingham LG Arena
4th May: Motorpoint Arena Sheffield
6th May: Motorpoint Arena Cardiff
9th May: Phones4u Arena
Below: the best ever supergroups - can McBusted rival them?
