Cheryl to take over Simon Cowell’s job!
Cheryl Cole
According to reports, Cheryl Cole is the hot favourite to take over from Simon Cowell when he quits X Factor, which he announced he will be leaving next year so that he can set up a global TV and entertainment empire.
His £20million golden handcuffs deal with ITV ends in December however ITV bosses are desperately trying to persuade him to stay.
A close friend of Simon’s said: “He has found X Factor increasingly draining and it leaves him little time for serious business. Now he’s decided this will be his last series and he’s moving on. In future, he will have a more overseeing role.”
Simon is said to be excited over his reported link-up with Topshop mogul Sir Philip Green.
Insiders say they are planning to launch a huge “one-stop” entertainment company to rival anything the big Hollywood studios can come up with.
They will also create shows, manage stars and exploit the rights to existing TV hits.
