Wednesday, February 25, 2009

Financial Crunch Bites Simon Cowell

Simon CowellIt seems that no one is safe from the global financial crises - even the likes of Simon Cowell.

It is being reported that Simon may lose many millions over a failed property venture in Barbados. He was allegedly buying a £15 million villa on the Island's Clearwater Bay Development but this has all been halted, for the foreseeable future, because of supposed financial problems.

A source is said to have commented, "It’s a big problem. He’s got a lot of money tied up over there and doesn’t know yet whether he’s going to get it back."

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