Lord Sugar to step down from YouView amid 'tension rumours'
Friday 01 March 2013
Lord Sugar is departing as chairman of YouView, the internet set-top box company which is backed by the BBC, BT, ITV and others, amid rumours of tension with some of the shareholders.
The Apprentice host will leave “in the next few weeks” after only two years in the non-executive, part-time role, which earned the multi-millionaire mogul £500,000 last year.
YouView has not lined up a replacement and will name a successor “in due course”.
One well-placed source said that Lord Sugar's famously robust manner in front of the cameras on The Apprentice TV show was not so different when he was chairing the joint venture whose other shareholders are Channel 4, Channel 5, TalkTalk and Arqiva.
A YouView spokesman declined to comment on suggestions that there was any tension in the boardroom.
Lord Sugar said in a statement: “When I joined YouView in 2011, my brief from the shareholders was to use my experience in the electronics industry to get the product to market and into the homes of consumers.
”Having done that successfully, my job is complete and I will now focus my time and attention into my other businesses.“
YouView allows viewers to watch live, record and catch up on any TV programme from the last seven days on all the free-to-air TV digital channels through the internet-enabled set-top box.
The venture was much-delayed when regulators opposed a previous incarnation, called Project Kangaroo, but it eventually launched last summer.
A spokesman claimed that YouView is ”now the fastest-growing TV platform in the UK“, although few numbers have been released so far about the sale of set-top boxes, which retail at £299 each.
Lord Sugar is said to be worth £800m, according to the Sunday Times Rich List.
- 4 Frankie Boyle on Scottish independence: 'In the Interests of Unity, F**k Off'
- 5 Florida couple forced to register as sex offenders for having sex on public beach
Boston Marathon runner's search for mystery man she kissed ends with letter from his wife
Italian police 'reveal' what Jesus looked like as a young boy
Florida couple forced to register as sex offenders for having sex on public beach
Mysterious 'X-Files' sounds heard miles above the Earth
Met Gala 2015: Beyoncé manages to out-skimp Rihanna, Miley and Kim Kardashian with near-naked ensemble
In defence of liberal democracy
General Election 2015: Post-election 'shambles' looms as 70 per cent of voters say SNP 'should not be able to veto UK government policies'
The Rothschild Libel: Why has it taken 200 years for an anti-Semitic slur that emerged from the Battle of Waterloo to be dismissed?
General Election 2015: UK will be 'run for the wealthy and powerful' if Tories retain power, Labour warns
General election live: SNP suspends two members for disrupting Labour rally
Schools forced to act as 'miniature welfare states' with teachers buying underwear and even haircuts for poor pupils
£36000 - £45000 per annum: Recruitment Genius: This is an exciting opportunity...
£50000 per annum: Ashdown Group: HR Manager Shared Services - Uxbridge, Stock...
Negotiable: Recruitment Genius: This is an exciting opportunity to join one of...
£18000 - £20000 per annum + Benefits: Ashdown Group: HR Assistant (Events busi...