Why Katie Price owes Alex Reid money after court ordered her to pay £175,000
Alex Reid recently said he was 'spearheading the campaign to expose the truth' as he leaked video footage of Katie Price waving a wad of cash while bankrupt. The former Big Brother star, 50, reacted to the video and questioned whether his legal team had seen the footage.
In the clip, Katie was seen lounging on a sofa and saying she is 'enjoying counting' the pile of cash in front of her before adding "there's loads here … I'm just sorting it out". Asked by her daughter Princess if she would contribute towards her school fees and those of her second child with ex-husband Peter Andre, Price says 'Your dad can sit on that' and lifting a middle finger.
Wearing white jodhpurs and sitting next to a Christmas tree, she adds: 'Does he go on about it a lot? Well it's tough because I'm in bankruptcy to next May now.'
Katie, bankrupted twice over debts totalling more than £3m, also referred to a property - 'my London flat' - which she claimed to own but which does not appear to have been traced by her bankruptcy trustees.
The video was released by Alex, who claimed the "truth will now be heard". Alex and Katie have a difficult relationship, with the two going back on forth over the years.
A representative for the star said: "This is a video that was shared with Katie's Trustee in Bankruptcy several months ago and Katie has fully complied with the Trustee's investigations into the same.
"The cash featured did not belong to Katie and the property referred to was dealt with in the financial settlement proceedings arising out of Katie's divorce from Peter Andre. Katie's Trustee in Bankruptcy is aware of the property and has undoubtedly investigated whether the same ought to be comprised in the bankruptcy estate."
She was bankrupted twice - first in 2019 over debts totalling £3.5m, including £970,639 to HMRC and then again last March over a second £761,994 unpaid HMRC demand for money earned while she was already bankrupt.
Creditors include Alex Reid, who is owed £175,000 in High Court damages and costs he was awarded after Price revealed a sex tape he says was filmed without his consent.
In 2018, Alex revealed he would take legal action against her after it was alleged she showed a sex tape he allegedly appeared in to the Celebrity Big Brother's Bit On The Side audience.
Katie claimed she didn't have any 'videos or sexual images on her phone' of Alex in a lengthy statement shared online at the time.
In court, High Court judge Mr Justice Warby described Katie's behaviour as "persistent, flagrant, arrogant, high-handed and inexcusable", and ordered her to pay £25,000 in damages plus £150,000 in legal costs.
Alex claimed the incident damaged his professional reputation and explained: "She was saying the most disgusting things about me... It was affecting me working continually because people were laughing at me."
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Daily Mail
2 hours ago
- Daily Mail
Katie Price brutally mocked by BGT's Francine Lewis as she reignites rivalry with cash counting video parody and plastic surgery jibe
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Daily Mirror
5 hours ago
- Daily Mirror
Katie Price 'won't remain silent' as she makes vow ahead of latest podcast episode
Former glamour model Katie Price has found herself embroiled in a controversy after her ex-husband Alex Reid leaked a video of her counting wads of cash amid her bankruptcy Katie Price 's close friends have reportedly said that the former glamour model is adamant about not 'remaining silent' after her ex-husband Alex Reid leaked a video of her counting wads of cash amid her bankruptcy. In the video which was leaked a number of days ago on social media, the mum-of-five, 47, is seen lounging on the couch as she was "enjoying counting" the pile of money in front of her, saying: "There's loads here.. I'm just sorting it out." The reality TV star, who was bankrupted twice over debts totalling more than £3m, was asked by daughter Princess if she would help pay her school fees and those of her second child with ex-husband Peter Andre. Price responded: "Your dad can sit on that' before lifting a middle finger. It comes after Peter Andre's wife Emily reacts to 'cruel' Katie Price swipe in the bombshell video. Wearing white jodhpurs and sat next to a Christmas tree, she continued: 'Does he go on about it a lot? Well it's tough because I'm in bankruptcy to next May now." Katie also refers to a property - 'my London flat' - which fans believe is the property allocated to Peter Andre as part of their divorce settlement. The footage was shared this week by Price's ex, former Big Brother star Reid, who said in a statement that 'the truth will now be heard'. The Mirror understands that the one minute and 38 second video, believed to have been filmed in late 2020, has been sent to Price's bankruptcy trustee who continues to 'seek realisations from various third parties'. Following the release of the video, Katie released a statement, explaining that the cash in the video didn't belong to the Mucky Mansion star. A representative for the star said: "This is a video that was shared with Katie's Trustee in Bankruptcy several months ago and Katie has fully complied with the Trustee's investigations into the same. The cash featured did not belong to Katie and the property referred to was dealt with in the financial settlement proceedings arising out of Katie's divorce from Peter Andre. "Katie's Trustee in Bankruptcy is aware of the property and has undoubtedly investigated whether the same ought to be comprised in the bankruptcy estate." Following the now viral leaked video, Katie's close friends have said that they are surprised at how calm she is taking the whole controversy, and she isn't letting it get her down as she continues to pour herself into her work. While many others may shy away from speaking out publicly, Katie is set to continue to voice her truth as her latest podcast episode is still going ahead on Thursday - as it does every week. The former glamour model, who hosts The Katie Price show with her sister Sophie, is going full steam ahead as usual - a move which her pals think will frustrate Reid even further. Insiders told The Sun: "We're all really surprised by how calm she has been, as Alex's latest stunt would send most people into a very dark place. This isn't the first time Kate's ex husbands and partners have ganged up on her, but the last time it happened, it drove her over the edge and we were all seriously worried about her. This time around though, she is in a completely different place." "Her feeling is, if Alex Reid wants to create a drama to get himself some attention, then good for him. She is refusing to stoop to his level by coming out all guns blazing as she has in the past. That's what the old Katie would have done, but this time around Katie is in no rush to publicly comment on this latest attempt to bring her down," the source added. The insiders went on to claim that Katie 'will have her say' at some point, adding that 'you can't silence or keep the Pricey down'. Katie's podcast drop will go ahead tomorrow, but she won't be mentioning the drama surrounding the leaked video because it was recorded before it surfaced on social media. However, her pals have said that even if it had been recorded afterwards, it would not have silenced her. "She recorded this week's upcoming episode on Monday, before Alex dropped the video, but even if she had known about the video then, she wouldn't give him the satisfaction of talking about him publicly at the moment," they added. The former glamour model was bankrupted twice, first in 2019 over debts totalling £3.5m, including £970,639 to HMRC and then again last March over a second £761,994 unpaid HMRC demand for money earned while she was already bankrupt. Creditors include Alex Reid who is owed £175,000 in High Court damages and costs he was awarded after she revealed a sex tape he says was filmed without his consent. Along with the leaked footage, Alex shared a statement saying he was "spearheading a campaign to expose the truth". He said: "Over the years you have seen countless stories by Katie Price directed at me, Peter, Keiran and others. Today I want to be clear. I am spearheading a campaign to expose the truth. "This isn't about gossip but about evidence. It's not about rumour, it's about reality. After years of silence, the time has finally come to reveal all."
Scottish Sun
6 hours ago
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Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) THE mystery man who is now the proud owner of Katie Price's 'cursed' Mucky Mansion has finally been revealed. James Mercer, a leading furniture tycoon and divorced father-of-two, snapped up the run-down West Sussex home back in January after Katie was booted out as part of her bankruptcy. Sign up for Scottish Sun newsletter Sign up 5 The owners of Katie Price's Mucky Mansion have been revealed Credit: N.C 5 Business man James Mercer, 62, has splashed the cash on Katie's old home 5 The star was forced out of the run-down property during her bankruptcy battle Credit: instagram The house, which boasts nine bedrooms, became notorious whilst under Katie's ownership due to its run-down and dilapidated state as well as a series of dramatic issues and legal challenges which took place at the residence. 62-year-old James, originally from Northern Ireland, splashed out £1.15million for the former home of the Pricey and is currently putting it through extensive renovations to make it fit for purpose once more. He admitted to the Daily Mail that the home's previous owner had left it "mucky" and in need of work. It is believed that James purchased the home as part of a fresh start with his partner, Leike Qu, who is a co-owner of the house. James has been with Leike since splitting from his wife and the mother of his kids who has remained in Northern Ireland following their break-up. Speaking for the first time about owning one of Britain's most famous houses, Leike told the Mail: "We are just very ordinary and quiet people who fell in love with this country house." The couple are believed to have set aside a substantial amount of money in order to renovate the property with work already underway on turning it into a dream residence once more. Construction work is ongoing with scaffolding surrounding the mansion. Katie made a loss on the home with James paying around £200,000 less than Katie originally paid for the home. This is due to the star failing to find a buyer at the advertised price due to its conditions. Katie Price's BGT star rival reignites bitter feud as she shares video mocking under-fire star's new surgeries The former glamour model had also previously bragged in interviews that the West Sussex mansion was worth a cool £2million. Katie will not see a penny of the proceeds if this sale if it does complete, as she no longer owns it. The mum-of-five was forced out of the dilapidated house in May after failing to meet payments on two mortgages. Katie was served an eviction notice following her second bankruptcy. As a result, any money made against the house will be swallowed up by the debts she ran up against it while living there. In 2022, the star's attempts to renovate the home featured in Channel 4's Katie Price: Mucky Mansion. The show was eventually axed after two series', shortly before Katie was ordered to move out of the house via an eviction order. After the bank took possession, the Mucky Mansion - which sits in 12 acres of land - was put up for sale with a price tag of £1.5million. However, the asking price was later slashed in a bid to get it sold. The price was cut for a second time in October. The swimming pool was left empty with many of the home's rooms in desperate need of renovation. Katie also faced personal tragedy at the house with a multitude of her animals dying whilst living there. Both her horse and her German Shepherd were killed at the home as well as a dog she bought for Princess. 5 The house we left to ruin under Katie's ownership Credit: Splash
