'Phil feels like he's been shown zero respect'

According to The Sun, the 61-year-old has been given six months' wages as a parting gift. He was reportedly on around £700,000 a year, so will likely take away more than £300,000.

In a statement on Saturday, Schofield wrote that he was quitting to "protect the show" which had become the focus of media reports due to his deteriorating relationship with co-presenter, Holly Willoughby.

Schofield said he was leaving with “immediate effect” from the show he joined in 2002, as ITV had decided "the current situation can’t go on, and I want to do what I can to protect the show that I love".

A source told The Sun the payout hasn't soften the blow of having to leave his job: "Phil feels he has been shown zero respect and he is devastated by how this has played out."

The source continued: "He thinks the way he was forced to step down was so unjust and he feels completely broken by how this situation has been handled. This Morning was Phil’s life and now he feels he has been knifed without proper consultation."

The insider said Phil had "dedicated" 20 years to This Morning, so leaving in this was "has been incredibly upsetting".

The Sun earlier revealed that Schofield learned he lost his job just minutes after coming off air Thursday.

Monday's show will be hosted by Alison Hammond and Dermot O’Leary.

Willoughby and Schofield's fallout is said to date back three years when the 42-year-old split from the YMU agency. She later won a £1 million payout from the business, of which Schofield is still a shareholder.

Schofield is to host the British Soap Awards on 3 June and will host a new, yet-to-be-named, peak-time series.

Related links:

Phillip Schofield tipped for £1.5m switch to ITV rival

Phillip Schofield leaves This Morning after more than 20 years

Phillip Schofield’s statement in full as he leaves This Morning with ‘immediate effect’

Holly Willoughby responds to Phillip Schofield leaving This Morning

Phillip Schofield’s brother Timothy jailed for sexually abusing boy