Simon Cowell Loses $20K to L.A. Reid in “X Factor” Bet
Posted by on Dec 22, 2012




Simon Cowell has to fork over $20,000 to fellow X Factor judge L.A. Reid.

The men made a bet, at the beginning of the season, that if a judge had a contestant win the title of being The X Factor, the losing judge would have to fork over $20K.

Being that Reid’s mentee Tate Stevens won the show, Cowell now owes the exec a pretty penny.

According to TMZ, Cowell plans on making good on the bet and handing over the cash ASAP. Reid also recently announced that he will be leaving the FOX series to re-focus on his company.

Photo via GETTY

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