Simon Cowell refused to accept salary after Syco suffered major loss in revenues


Simon Cowell refused to accept salary; Simon Cowell has not taken a penny from his Sycó entertainment company after recent reports. That they are losing profits.

According to a report published by The Mirror. The music mogul said profits at Syco Holdings Ltd fell to £2.27m in 2021 from £31.88m.

Simon Cowell refused to accept salary; It comes after Cowell sack “virtually all staff”. At his multi-million pound entertainment empire in January 2022. Almost 20 years after it was find, and significantly downsized Syco.

Simon has come to a point in his life where he doesn’t want the stress of running empires. So he’s made the difficult decision to shut down Syco,” a source tell the Daily Mail at the time.

“Everyone who has worked with him is incredibly grateful for those opportunities and experiences and understands the direction he wants to take things.

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