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Friday, 14 January, 2000, 16:36 GMT
Ginger staff set for windfall

chris evans Chris Evans has pledged to give away future earnings


Media mogul Chris Evans has promised to give his staff 2m of the personal payout he will receive when Ginger Media merges with the Scottish Media Group, company insiders have confirmed.

The windfall, to be shared among 140 Ginger Media employees from directors on around 500,000 a year to office staff, will amount to an extra 10% of each individual's salary.


When you've got this much money you can't spend it all...Obscene is definitely the word for it
Chris Evans
The bonuses will be paid out once the 225m deal is finalised in the next few months.

Following the deal's announcement, Chris Evans reportedly told the Sun newspaper on Thursday he would give away every penny he earns from now on.

"When you've got this much money you can't spend it all," he said.

"Obscene is definitely the right word for it," he added.

Jubilant employees

Every full-time member of staff from Ginger Media has been promised cash, it is understood.

The bonus was announced during an informal staff meeting yesterday at the Midas Touch bar, close to Chris Evans' Virgin Radio office in Soho, central London.

Jubilant employees celebrated the good news with an all-night party.

Evans, 32, is to receive 75m in cash and shares - 58m is to be paid out when the deal goes through and the remainder will be handed out over three years.

The rest of the merger payout will be divided between Ginger's other investors and used to pay off the firm's debts.

The deal with SMG will boost Evans' personal fortune from 30 million to 88 million.

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See also:
13 Jan 00 |  Business
Evans sells up
12 Jan 99 |  Entertainment
Radio watchdog fines Evans
29 Mar 99 |  Entertainment
Channel 4's TFI a 'turn-off'
14 Jun 99 |  Entertainment
Lulu gingers up Saturdays
28 Sep 99 |  Entertainment
Watchdog raps TFI Friday
04 Nov 99 |  Entertainment
Chris and Geri's 'ginger romance'

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