According to reports today, ex-Busted member Charlie Simpson has received a six-figure sum to exclude himself from the band’s recent union with McFly.

The new supergroup, confirmed on Monday as McBusted, is widely known not to include Simpson, who, according to reports by The Mirror, held talks with his old bandmates to sell his share of the Busted name.

A source had told The Mirror, that, “He [Simpson] 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.”

Tickets for the McBusted tour, starting next April, went on sale earlier today from Ticketmaster. Click here to buy now