Hamfatter, the band part-owned by 'Dragons' Den' entrepreneur Peter Jones, are reportedly in negotiations with record label EMI, according to a UK newspaper report.
The band played a gig for EMI staff, and the Sun reports that a major deal is on the cards.
Hamfatter secured £75,000 investment in return for 30% of the group's past and future earnings on Episode One of this year’s 'Dragons’ Den'.
It is also reported that Hamfatter are set to star in their own reality TV show.