Simon Cowell Wants To Keep One Direction Signed With £12.5m Deal!

3 November 2014, 11:12

One Direction On The Road Again Tour Poster

They’ve been his biggest success story and Simon Cowell doesn’t want to let One Direction go!

One Direction have definitely been the biggest success to come out of the X Factor, and Simon Cowell doesn’t want to let the boys go once their record deal runs out – so much so, he's reportedly offered the boys £2.5 million EACH to sign with him again.

Simon and his execs at his Syco want to get 1D to sign on for two more albums after their current deal runs out. At present the boys are expected to release two more albums and a greatest hits record, but the new deal would secure a further two albums.

One clause in the contract does state that the offer is only valid if all of the boys sign up as a five-piece, so if a member decides to go solo the contract would need to be reconsidered.

A source in LA told the Daily Star, “One Direction are big business and Simon and co are desperate to keep the money-making machine going for as long as possible.”

“The £2.5million would be a signing on deal before they get the cut of royalties, songwriting and PRS. The concert deals would remain separate.”

“The negotiations are already in the very early stages and are being kept top secret.”

And it’s no surprise that Simon wants to keep hold of the hottest boyband around – the boys are expected to top the charts when their new album ‘FOUR’ is released later this month.

You May Also Like…

This Week's MUST-SEE Pictures From The World Of Music

POTW Hero Wide 27th October

From Stage Falls To #WaspGate: Watch One Direction's Unluckiest Moments

15 Things You NEED To Know About 'Four': What To Expect From One Direction's New Album

21 Reasons One Direction's Niall Horan ROCKS!

24 Sultry Pics Of Zayn Malik That Prove He Has The PERFECT Pout

Louis Tomlinson: 22 Amazing Photos Of The One Direction Star

Leigh-Anne Pinnock joins Snapchat

70+ Of The Best Popstars You Should Have On Snapchat

Capital FM iOS App 2015

Download Our AWESOME New Free Music App - Now Also Available On Android!