In the onset of the X-Factor season Simon Cowell and L.A. Reid made a 20 thousand dollar wager stating that if either of them had one of their contestants win, the loser would cough up the dough. Since L.A.’s contestant Tate Stevens won the contest Simon has to fork over the money. Word around town is Simon is no sore loser and he’s ready to cut the check ASAP. Hit the jump for more.
PaulDaPro

TMZ