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Simon Cowell Lost $20,000 Bet to L.A. Reid Over X Factor Result

December 21, 2012 | Posted by Jeremy Thomas

Simon Cowell owes L.A. Reid $20,000 after losing a bet made in regard to The X Factor. TMZ reports that Cowell made the bet with Reid at the beginning of the season; it stipulated that if either had a contestant that won, the losing judge would pay the tewnty grand.

Tate Stevens, who won, was Reid’s contestant. Simon is not a sore loser about it and is planning on paying up ASAP.

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Jeremy Thomas
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