According to Pete Doherty, The Libertines were offered a substantial amount of money to headline this year's Reading and Leeds Festivals.
The band, who split in 2004, were apparently approached by organisers to reform for the August weekenders, but singer and guitarist Carl Barat turned down the offer.
Speaking to the NME, Doherty said: "We had some ridiculous offers to headline Reading, like £2 million to headline this festival, £1 million to headline that festival. I said, 'Why don't we just do it? Let's get the old band back together.'
"He (Barat) said, 'We have to be friends, we can't just do it for the money'. I said, 'OK, let's be friends! Friends who go and make lots of money', because I haven't got any money and I know he's skint.
"He said I had to go and see an energy consultant, some new age guru who is going to measure my energy levels and see if I'm surrounded by darkness.
"If I am I'm not allowed to go near Carl because I'll tap into his good energy and I'll sap all the good energy and bring nothing but darkness into his life."
Kings Of Leon are expected to headline the events, as exclusively revealed on Virtual Festivals, with the other headliners expect to be one of the following: Radiohead, Arctic Monkeys, Green Day or AC/DC.
Reading Festival 2009 will take place at Little John's Farm, Reading and Leeds Festival 2009 will be held at Branham Park, Leeds with both running from 28-30 August and sharing the same line-up.
Tickets are not on sale yet for either event.