WATCH: Cheryl Cole Set To Lose A Fortune As She Tries To Be The New Katy Perry

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Cheryl Cole, in a bid to be more like Katy Perry and Rihanna, is set to lose a fortune as she lets her spending get out of control...

The Girls Aloud star is set to embark on her first full UK solo tour in promotion of her new album, but the singer's accountants have been forced to warn her that she is set to lose money if she doesn't keep an eye on her spending.

Cheryl has reportedly stated that she wants to channel the likes of Rihanna and Katy Perry - famed for her extravagant costumes, set designs and big performance sequences - as she makes her way around the UK on her first ever solo tour.

However, unlike Rihanna and Katy Perry, Cheryl Cole doesn't have the funds to support the a big and over the top show spectacular...

A source told The Sun: ''Cheryl wants to make her show as amazing as possible and if that means spending a load of cash on it, so be it.

''If it were a longer tour, she would make money back from ticket sales. But the ideas she's coming up with at the moment are not going to come cheap.''

We wonder whether Cheryl will be able to reach a compromise with her accountants?

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