Holly Willoughby tells ITV she's prepared to quit This Morning in furious money row

HOLLY Willoughby has held secret crisis talks with This Morning over her future on the show.

The popular presenter remains at war with her former management company who are demanding an estimated £200,000 a year of the star's new ITV daytime deal.

Holly, 40, is preparing to go to court with the group – which represents her co-star, Phillip Schofield – over their "extortionate" demands for commission on her latest contract, despite the fact that they no longer work with her.

Last night a source said: "This is not about the money, it's the principle of the thing. 

"There has never been any question over commission on contracts that they concluded – this is about what happens moving forwards now that they aren’t involved, and them trying to handcuff her for years to come. It’s just not right.

"Holly left YMU to set up on her own, and to take back control of her own future.

"She loves This Morning, and really doesn't want to leave. She is committed to the show, but has been given no choice but to discuss her options moving forwards.

"She wants to stand up for women, and won't roll over when it comes to unfair renegotiations.

"She has spoken to ITV execs and explained the situation – in essence, she said she'd rather leave the show than let YMU take such a high percentage of her earnings, when they aren’t entitled to it.

"Obviously she adores Phillip, and ITV don't want her going anywhere, so they're pulling out all the stops to make sure this gets resolved as amicably as possible."

It is understood both parties have signed NDA's [Non Disclosure Agreements] and cannot publicly discuss the ongoing fall-out.  

In March The Sun revealed that Holly had gone legal in her battle with the celebrity agency whose clients include Ant and Dec, Claudia Winkleman and Davina McCall.

She parted ways with the group last summer in order to set up her own company, Roxy Management. 

But under terms of a "sunset clause", YMU claim they are still entitled to a percentage of her future earnings in contracts.

There is no contract in place between Holly and YMU, so Holly's lawyers will argue that the sunset clause does not apply here.

Last night a spokeswoman for Holly declined to comment.

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