JORDAN'S £5M KISS-OFF

ABOVE: Jordan has been warned she could lose her kids if she doesn't calm her lifestyle

ABOVE: Peter Andre spent a few days with the children in Marbella

MARRIAGE-split Katie Price has been warned that her hellraiser lifestyle could lead to her losing her kids AND £5million.

The busty babe, below, who is divorcing hubby Peter Andre, got the dressing-down from top showbiz lawyer Ambi Sitham.

Ambi believes the courts could take a dim view of 31-year-old Katie’s boozy jaunts to Ibiza.

And they might not think new cage-fighter boyfriend Alex Reid – who simulated sex scenes in an X-rated movie – is a suitable father substitute for kids Harvey, seven, Junior, four, and two-year-old Princess Tiaamii.

Ambi said: “Price’s behaviour over the last four months is probably going to contribute to the custody arrangements, especially her well-publicised trips to Ibiza.

“She was obviously getting very drunk. In addition she has exposed her children at a very young age to a new relationship with Alex Reid.

They will look into his background and at his suitability as a potential stepfather to Price’s children.

“The courts will not look favourably on anyone they deem a bad role model.

“I should think the least the judge would decide is to grant joint custody of the children to Price and Andre. He might even get sole custody.

“Andre, coming from a strong Greek-Cypriot family ­background, has conducted himself as the model father.”

Peter, 36, and the children last night returned from a few days ­quadbiking in the Spanish resort of Marbella.

The singer has said he doesn’t want a penny of Katie’s cash. But Ambi warned she could be forced to hand over at least a quarter of the £20million she has made since the wedding.

She said: “The courts will look at what role was played in emotional support as well as financial.

“Andre will be able to show he ­contributed to the Katie Price brand.

“Before they met she was purely known as Jordan the glamour model.

“As a result of marrying Andre she was able to create an alter ego.

“I think she is in line for a bit of a shock.

“She will not be walking away from this without making a substantial payout.”

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