Gordon Ramsay in line for millions in takeover deal
Celebrity chef Gordon Ramsay is in line for a multimillion-pound windfall as part of a deal to sell the company behind many of his hit TV shows, it was revealed today.
The fiery TV personality is in talks to sell his 50% stake in One Potato Two Potato - the production company which makes shows such as Ramsay's Best Restaurant, Gordon's Great Escape and Gordon Ramsay's Cookalong Live.
It is being sold as part of a takeover of Optomen Television, which co-owns One Potato Two Potato, by All3Media - thought to be worth around £40 million.
The move is expected to net Mr Ramsay as much as £10 million in what would come as a welcome financial boost after a troubled time for the chef.
His restaurant empire has suffered a series of setbacks in recent years, coming close to the brink last year as revenues collapsed while debt and tax bills mounted up.
One of his gastro pubs - The Devonshire in Chiswick, West London - closed earlier this summer.
It is thought Mr Ramsay would pick up a hefty upfront sum if the takeover of Optomen and One Potato Two Potato goes ahead, with the remainder of his haul due if the company meets performance targets over the next few years.
A spokesman for All3Media said: "All the parties can confirm they they are in advanced exclusive discussions and will issue a full statement in due course."
Mr Ramsay would likely remain as a director of One Potato Two Potato, but not retain a shareholding.
He set up the production company with Optomen in 2008 to make all of his new programmes, but also to take many successful shows to the US.
The firm is producing MasterChef US and Gordon Ramsay Cookalong Live USA.
All3Media is also hoping to gain greater scale in America through the Optomen acquisition, adding to its existing US shows such as reality TV series Undercover Boss.
Optomen is also a major player in the sector, with a raft of programmes including Channel 4's Heston's Feast featuring chef Heston Blumenthal and Mary, Queen Of Shops.
Isis 'jihadi bride' claims forced sex with Yazidi girls is never rape because Koran condones it
Woman accidentally shoots herself in the head while posing for a selfie
Isis burns woman alive for refusing to engage in 'extreme' sex act, UN says
David Starkey 'tells Amal Clooney to shut up and stop over-promoting human rights'
16-year-old girl beaten and burned alive by lynch mob in Rio Bravo, Guatemala
- 1 A politically correct lefty goes to see Top Gear live – you'll probably believe what happened next
- 2 Woman accidentally shoots herself in the head while posing for a selfie
- 3 Isis burns woman alive for refusing to engage in 'extreme' sex act, UN says
- 4 Puerto Rico, island of lost dreams: People are leaving the debt-hit territory in droves as near neighbour Cuba's star rises
- 5 David Starkey 'tells Amal Clooney to shut up and stop over-promoting human rights'
£40-50K: Guru Careers: We are seeking an experienced Software / C# Developer w...
£35 - 40k + Benefits: Guru Careers: We are seeking a Software Developer (JavaS...
£30 - 35k: Guru Careers: A Senior Account Manager / SAM is needed to join the ...
£55000 - £65000 per annum + Benefits: Ashdown Group: Digital Marketing Manager...