X Factor UK: Simon Cowell to get £25 million to return... but only if US show is axed!

Simon Cowell

X Factor boss Simon Cowell is all set to return to the UK series, but there's a rather big catch.

ITV have put a huge £25 million offer on the table to get Simon back on the show from next year.

The three year deal will see Simon get paid £8.3 million a year for the singing contestant and its sister show Britain's Got Talent, both of which were previously renewed earlier this year up until 2016.

However, the catch is that The X Factor USA must be axed, or at least Simon cannot also be a judge on it.

Poor ratings over in the US have seen the odds on the series being cancelled slashed, and there's talk that if it does return, its budget would be so small that Simon simply couldn't afford to be on the panel himself.

If Simon does manage to stay on the American show for a fourth year however, his deal with ITV will see his pay halved.

“ITV are preparing for him to return to the UK X Factor and BGT so have structured the deal to take in both shows," a source explained today. “If he only does one then he won’t get the full package — but everyone is hopeful that will not be the case.”

According to The Sun newspaper, Simon is "95 per cent" certain to be ready for a UK return, but a source warned: "there are still more meetings to go”.

Simon himself said previously he would be returning “at some point”, and hinted that Cheryl Cole could be joining him.

“I will [come back] at some point. I still miss that, I mean that show is my baby and that last year we did, which was the One Direction year, was the most fun I’ve had – it was fantastic,”the music mogul said. “When I look back at the clips now and remind myself about it, it was a really cool year.”

On rumours of a possible return for Girls Aloud’s Cheryl, Simon added: “Cheryl and I patched up our differences a long time ago.

“I saw her recently, we speak a lot on the phone and text each other, and I think both of us would like the idea of working together again.”

Both Gary Barlow and Sharon Osbourne have already confirmed they've left the ITV series.

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