Ant and Dec reveal Simon Cowell named their new shared racehorse after himself

Simon Cowell wanted to name his newly acquired racehorse after himself, his co-owners Ant and Dec have revealed.

The X Factor boss, who is well-known for his ego, took a part-share in the animal with the Geordie duo last month.

The presenters said they hoped the horse will run its first race during the next few months, during an interview for tonight's Jonathan Ross Shown on ITV.

They eventually settled on the name It's A Yes From Me - a reference to a phrase often used by panellists on Cowell's talent shows.

Ant McPartlin added: "It hopefully might run in the Summer."

And and Dec previously owned another horse which they recently sold.

They also told Ross they have had to insure themselves as a double act, so the other would get a payout if their partnership was jeopardised.

Donnelly said: "Financially the other one would get a kick back off that. Every cloud - we have insured each other against that."

McPartlin went on: "The problem with that is that if one of us has a fatal accident, we're the first one that the police will come to because we've got a motive."

The pair famously had a chart career under guise of PJ and Duncan, a spin-off from their roles in BBC series Byker Grove. But McPartlin admitted their music did not really stand the test of time.

He said of their songs: "I can't even name them. They're all pretty bad."