No more finalists on Simon’s books!

According to News of the World today, Simon Cowell won’t be signing any of last year’s X Factor contestants.

His record label Syco, has chosen to just concentrate on the show’s winner Joe McElderry, and won’t sign Stacey, Olly or Danyl – like he has done with previous years.

A source told the paper, “Simon has decided he won’t have anything to do with them in a professional sense going forward. He doesn’t have anything against the guys but wants to concentrate on turning Joe McElderry into a star.

“They’ve got a contract with Butlins to perform at summer school holiday gigs. And they’re still making £100,000 from the X Factor tour – but this is a huge blow.”

A spokesperson for Syco confirmed the decision, adding: “We never guarantee contracts for anyone other than the X Factor winner and this year we’ve decided to focus on Joe.

“However, we understand there is interest in other finalists from many parts of the musical industry and we hope they all do very well.”

Well we’re sure the others will get snapped up soon enough!