Simon Cowell ‘selling’ his £9million LA bachelor pad in favour of family friendly home
Simon Cowell wants to put his LA mansion on the market – which was once his “dream home” – as it is not appropriate for him and partner Lauren and their son Eric
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Simon Cowell is planning to sell his swanky Los Angeles mansion to “lead a simpler life.”
The music mogul – who is father to son Eric with long-term girlfriend Lauren Silverman – is said to be done with the six-bedroom party pad as he focuses on having a quiet life with his loved-ones.
An insider told The Sun : “The LA house was his dream for a while but it holds one too many showbiz memories.
“Now he has son Eric and long-term partner Lauren he wants to lead a simpler life and create new memories not revolving around rock ’n’ roll, TV or parties.”
The publication adds that the TV star is hoping to cash in on the mega mansion – said to be worth around £9million- before the expected crash later this year.
It is understood that the 60-year-old X Factor judge is not planning to get rid of all of his American plots as he intends keep hold of his stunning Malibu house.
Mirror Online have contacted a representative for Simon for comment.
Simon is set to walk away from his own record label as he turns his attention away from music towards television – according to reports.
He has worked in the music world for 40 years and founded his Syco Music record label back in 2002.
Simon went on to sell the label – which was originally called S Records – to Sony Music in 205, but remained actively involved in the business.
The Sun reports that Simon has now cut ties with the record label – and has focused his attentions on Syco Entertainment instead which is his TV production company which owns The X Factor and the various Got Talent shows around the world.
The publication reports that Si bought out Sony Music’s stake in the Syco Entertainment company in order to have full control on the business.
A source told The Sun: “This deal is huge. Simon has had to pay a massive amount to regain control of Syco Entertainment.
“That has meant he is no longer involved in Syco Music but it’s not in great shape right now.
“Leaving it now makes sense for him because he can instead focus on his Got Talent shows, as those are his money-makers now.”
A spokesperson for Simon explained the change in business with the Mirror online.
They said: ” Simon Cowell and Sony Music Entertainment (“SME”) have reached an agreement for Cowell to acquire SME’s stake in their global joint venture talent and production company, which owns Got Talent and The X Factor.”
They added: “Sony Music Entertainment wholly retains Syco Music and Simon Cowell is acquiring SME’s stake in their global JV.
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