Birmingham broadcasting star Adrian Chiles has cut his ex-wife Jane Garvey out of his radio and TV company and stopped her from sharing in his £6 million deal with ITV, it has been revealed.
The Quinton-born star of ITV’s struggling breakfast show Daybreak has paid Jane Garvey, who presents Radio 4’s Woman’s Hour, £335,000 to end her involvement with the firm Basic Broadcasting.
The business had been used to channel their earnings from their work on radio and television.
The deal for Chiles to take charge of the company happened nearly two years ago.
But it was only revealed when documents were lodged with Companies House in the past week.
It effectively stopped Ms Garvey receiving money from Chiles’ growing fortune – as it took place before he signed a £6 million, four-year deal with ITV last year.
Chiles, aged 43, and Ms Garvey, aged 46, once regarded as the BBC’s golden couple, parted in June 2008 after ten years together. They have two children. They divorced in October 2009, five months after he bought her out.
West Bromwich Albion fanatic Chiles, who also presents a chat show and football coverage on ITV, originally had a single share in the firm as did Jane, giving them a 50 per cent stake each.
But the latest accounts show Chiles is now the sole shareholder, and state that he does not have to pay his ex-wife future revenue from the company.
As part of his buy-out, Jane also ceased to be a director.
According to Basic Broadcasting’s accounts, Chiles had £740,574 in the bank at the beginning of last year, and the company made a profit of almost £1 million, up by £300,000 on the previous year.