Britney Spears' dad to open a restaurant with Kevin Federline

Britney Spears' ex-husband Kevin Federline is set to open a restaurant with the troubled singer's dad, it has been claimed.

The restaurant -- which is believed to be the brainchild of Kevin -- will be funded by Britney, and is likely to be a Mexican eatery in LA.

A source said: "K-Fed wants to take over a Mexican place in LA with him and Jamie as managers.

"The restaurant, called Casa Cordobes, has been a favorite of Kevin's for a while. He ate there with Britney. Now the owner wants to retire he really wants to run it.

"Kevin and Jamie get along well nowadays and Jamie is keen to get back into the restaurant game."

Jamie Spears' last foray into running a food joint, which was also bankrolled by the Toxic star, failed miserably. And Jamie hopes this project will be a runaway success.

"He still works as a private caterer, so he's excited at the chance," adds the source.