Former BUSTED star Charlie Simpson is on the verge of signing a $1.8 million (GBP947,369) with his new band FIGHTSTAR - only days after leaving the chart-topping boyband.

Leading record label Sanctuary are favourites to sign Fightstar on a three-album deal which will give the 19-year-old the creative freedom he left Busted to secure.

But Busted's label UNIVERSAL are also desperate to hold on to one of their most valuable assets.

A music industry insider says, "Charlie has a lot of bargaining power and will negotiate a very lucrative deal. But Sanctuary is the ideal place and would bend over backwards for him."

The CRASHED THE WEDDING trio held a press conference in London on Friday (14JAN05) to confirm they're officially disbanding.

16/01/2005 10:58