Status Quo have offered some sagely advice to One Direction - keep a close eye on your money.

The British boyband are currently rolling in the cash as they become a massive global brand and a merchandise machine.

Speaking to the Telegraph, veteran rockers Quo said that the group need to maintain interest in their ins and outs to avoid being manipulated financially. Singer Rick Parfitt said:

"When you’re starting out and you’re a guitar player or a singer, what do you know about money?"

He added: "The questions they need to ask are 'have you checked your lawyer? Have you checked your accountant? Do you know your accountant?’ I wish we had because if you don’t, you can get taken advantage of."

Guitarist Francis Rossi meanwhile commented: "I think when you first come into this business as well, like we did, the money starts rolling in and you’ve gone from one side of life, to another and you’re too busy doing what you’re doing."