Yates to move to Britain as debts mount

Ivan Yates is set to quit Newstalk and abandon his media career as he faces bankruptcy over debts of about €3.5m.

The broadcaster and former government minister yesterday admitted his future was “exceptionally bleak” and “full of uncertainty”, and the Irish Examiner understands he may move to Britain to avail of less stringent bankruptcy laws.

Neither Mr Yates nor Newstalk would confirm that he will quit his popular Breakfast show, but his move to Britain is virtually certain as AIB demands full payment of the debt by May 13. He is expected to announce his resignation from Newstalk within weeks.