Telly stars Ant and Dec and Phillip Schofield will lose £8m after villa resort goes bust

TELLY stars Ant and Dec and Phillip Schofield will lose £8million after a villa resort went bust.

A court has ruled the trio will not get any compo for the holiday homes hell.

Saturday Night Takeaway pair Ant and Dec, both 45, were buying next door homes and were holidaying at the complex when a bank pulled the plug.

This Morning host Phillip, 59, was also buying a pad nearby at The Keys on Portugal’s Algarve.

When developer Birchview went bust the Quinta do Lago resort was sold to Brazilian financial firm SRESPX.

The company only agreed a deal if it didn’t have to pay off creditors.

This week a Portuguese court refused an appeal to block the sale, meaning the telly trio will lose millions.

Judge Marta Rei said: “There is no basis to argue the nullity of the sale process.”

Lawyers for creditors, including the Portuguese Treasury and bank Caixa Geral de Depositos — owed £250million — may now appeal to Lisbon’s top court.

A source close to the case said: “As things stand at the moment the investors who made down payments on holiday homes are still empty-handed.

“The courts have decided there was nothing untoward about the sale and that means Ant and Dec and Philip Schofield remain out of pocket.

“It’s a new reverse in what has been an exhausting legal battle.”

Latest court papers show Ant and Dec are owed £3.1million each and Phil is £2million down.

Villas at the complex are overgrown with weeds and pools are full of green water and junk.

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