Simon Cowell 'Has Lost £4m On X Factor Musical'
Closure of West End show I Can't Sing! reportedly leaves reality TV mogul heavily out of pocket...
And The Sun claims that SiCo himself had picked up £4m of the reported £7m budget for the show - with Stage Entertainment UK and two other theatre firms contributing the remainder of the costs.
A source told the paper: "Tickets just weren't selling and everyone in theatre was saying it would only last six months.
"That it's been pulled so quickly has stunned us all. Ticket sales must have been even worse than we all thought."