• Sharon Osbourne is expecting to be axed from "The Talk," a report says
  • This comes amid allegations she used racist slurs and bullying tactics against her co-hosts
  • The report says CBS may have to pay her a huge settlement to "keep her quiet" once she's out of the show

Sharon Osbourne is convinced that she will be axed from "The Talk," but she is not planning to leave without a huge payout, according to a report.

Osbourne is expecting to be fired from the talk show as CBS investigates the allegations that she used racial slurs and bullying tactics against her co-hosts, an unnamed insider told Page Six. However, the 68-year-old British TV personality is reportedly expecting a sizeable compensation if she were to leave.

"The network will have to pay her a sizeable settlement to keep her quiet after this," the source told Page Six. "She could write a book, she would do a world of interviews. She knows where all the bodies are buried."

"The Talk" showrunners and joint executive producers Heather Gray and Kristin Matthews may also face consequences for allegedly not preparing Osbourne for her heated showdown regarding race with Sheryl Underwood, Page Six reported, citing unnamed sources. In last Wednesday's episode of the talk show, Osbourne had complained about being called racist after defending friend Piers Morgan, who said he didn't believe Meghan Markle's statements about her mental health struggles.

"They blew it. Not preparing Sharon was a fatal mistake. It has destroyed the show," a second source said of the showrunners. "They may also have to take the fall. The staff is waiting for the announcement that Sharon is done, but meanwhile they are still all pointing fingers."

Another anonymous source told the outlet that a different CBS executive had made the call to have the show hosts discuss Osbourne's support of Morgan's controversial comments about Markle.

"Both [co-hosts] Elaine [Welteroth] and Sheryl [Underwood] were made aware 30-35 minutes [before going on air] that there was an executive decision to make it a [longer] conversation and they [the co-hosts] were told Sharon knew," the source said.

However, Osbourne said in interviews after the said episode that she had been unaware of the topic and felt ambushed.

"I blame the network for it," she told Variety last week. "I was blindsided, totally blindsided by the whole situation. In my 11 years, this was the first time I was not involved with the planning of the segment."

Addressing her exchange with co-hosts Underwood and Elaine Welteroth, she continued, "I was just so hurt, caught off-guard and stunned by what I was being asked and not prepared. I was honestly in shock. I felt like I was in front of a firing squad. I felt like a lamb held out for slaughter...They had me there for 20 minutes."

Amid the CBS probe, "The Talk" has been put on hiatus and will resume airing live episodes next Tuesday. This comes after former co-host Holly Robinson Peete accused Osborne of calling her too "ghetto" for the show, which the latter has since denied.

Welteroth and a hairstylist also complained of the alleged "racially insensitive and hostile environment" on the talk show, Page Six reported, citing unnamed sources.

"Elaine Welteroth and her hairstylist complained to HR over Sharon Osbourne’s recent exchange with Sheryl Underwood," the insider alleged. "They said they don’t feel comfortable working in a racially insensitive and hostile environment."

Sharon Osbourne
Pictured: Sharon Osbourne attends the first day of auditions for the X Factor at The Titanic Hotel on June 20, 2017 in Liverpool, England. Anthony Devlin/Getty Images