Oh no! Could this be The X Factor’s final year?

According to Simon Cowell, this year is the “make or break” year for The X Factor.

Joining the notorious music mogul on the panel this time round are Rita Ora, Nick Grimshaw and Cheryl Fernandez-Versini.

The singing competition has suffered a huge loss of ratings in the last few years. Its last season struggled to compete with other talent shows, primarily Strictly Come Dancing.

However, you can dry those eyes because all hope is not lost just yet.

Speaking to the Daily Star Sunday, the 55-year-old admitted that “It does feel like make or break this year, but I feel like every year is make or break to be honest.”

He went even further saying, that “There were certain years when certain people won and it was like, ‘Oh, Christ’.”

Who could you ever be talking about, Simon? While he didn’t elaborate, we certainly have a few names in mind!

Although the father-of-one is certainly worried about the show’s ratings, he is forever inspired by the possibility of finding new talent. “Last year’s show made me realise there’s still a lot of talent to be discovered,” he admitted.

“You never forget those days when you feel a star is being born.”

This year Caroline Flack and Olly Murs will be co-hosting, while Rochelle Humes and Melvin Odoom are to present The Xtra Factor

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