A North American band could be set to make a fortune from the sale of their website domain name, it has been suggested.

Defunct Canadian rockers The Tea Party hold the rights to teaparty.com – a domain name they registered back in 1993, in the early days of the world wide web.

With the band members having gone their separate ways in 2005, the website is rarely updated these days, but continues to perform well in Google searches.

And with the US presidential election on the horizon, the domain name could become hot property among conservative activists involved with the right wing Tea Party movement.

Former Alaskan governor and vice-presidential candidate Sarah Palin is among the high profile politicians involved with the campaign group.

Stuart Chatwood, who played bass in The Tea Party, told Bloomberg that his band’s name had nothing to do with politics, explaining that tea party was a euphemism for drug taking among Beat poets.

“But so much damage has been done to our name by the political movement that we’re considering selling,” he told the news agency.

The band has been receiving offers for the domain name since 2010, and some commentators believe teaparty.com could be worth at least $1 million.

Teaparty.com domain name ‘could be worth $1 million’
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