Phillip Schofield 'taking financial action' following This Morning departure

Phillip Schofield has reportedly hired a trusted team of accountants to help with his finances following his ITV exit.

The TV presenter, 61, retreated from the public eye following the revelation of his ‘‘unwise but not illegal’ affair with a younger runner on This Morning which subsequently saw him resign from the show and other projects.

He was also dropped by his agents of 35 years YMU and from The Prince’s Trust, where he was an ambassador, and lost sponsorship deals.

In his first full interview since confessing to the affair he told The Sun: ‘Telly was my safe space, the one thing I loved. Now I don’t know if I will ever work on telly again.’

According to The Mirror, Phil has turned to Sedulo, a firm that specialises in helping high-net-worth clients grow their wealth to help handle his fortune.

However, Phillip’s representative Jonathan Coad told Metro.co.uk that the claims are ‘absolute nonsense.’

This comes after This Morning’s future was supposedly revealed, with Holly Willoughby set to helm the show alongside a rotation of co-presenters as ITV decides to not replace Schofield.

The Wylde Moon founder, 42, will be the only permanent fixture on the long-running show and will be joined ‘mostly’ by Josie Gibson, 38, and Craig Doyle, 52, it has been claimed.

Alison, 48, and Dermot, 50, who present the programme on Fridays, will also reportedly join the Dancing on Ice host ‘sporadically.’

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Following Phil’s confession, This Morning has been rocked by claims of ‘toxicity’ from former stars Dr Ranj Singh and Eamonn Holmes, with the former claiming he was managed out when he raised concerns with ITV bosses.

ITV chief executive Carolyn McCall later addressed claims about the culture at the programme during a parliamentary committee.

Shooting down the accusations, she said: ‘What I know is that when we talk about culture it’s incredibly important to me, personally and so it deeply disappoints me, right?

‘But we do not recognise that in This Morning and the reason for that is that we have tangible evidence to tell you that the vast majority of people at daytime and at This Morning are engaged.’

Metro.co.uk has reached out to Phillip Schofield’s reps for comment.

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