The Young and the Restless spoilers document that Billy Abbott (Jason Thompson) made an incredible discovery. His instinct told him that his mother was hiding a secret, specifically from him.
Well, Billy appears to be right. The Abbott family stands to gain Chancellor as long as his attorneys verify that the documents he found are legitimate and his father’s loan wasn’t paid back.
He told Lily Winters (Christel Khalil) and Cane Ashby (Billy Flynn) that the Abbotts owned Chancellor. His response was precise and didn’t focus on him being the only recipient of what would be a grand prize.
Key Takeaways
- Billy uncovers documents suggesting John Abbott’s old loan could give the Abbott family a claim to Chancellor.
- Lily and Cane prepare to fight back as Billy insists the Abbotts are the company’s rightful owners.
- Victor’s role raises a huge question: Did he already know about the old Chancellor debt and keep quiet?
- Billy may need Jack, Ashley and Traci in his corner if the Chancellor battle turns into an all-out family war.
Victor Newman Doesn’t Know The Truth?
Soap fans are smart. So, they knew that Katherine Chancellor (Jeanne Cooper) left her company to him in her will.
Victor Newman (Eric Braeden) eventually decided to sell it to Jill Abbott (then played by Jess Walton), who held it until recently selling it back to the Moustache. But that begged a reasonable question.
Viewers are asked to believe that Victor originally ran the company for Katherine, who recruited him in the years following her husband’s death. They also know that he was the owner for a short time after Katherine died in 2013 and a second time in recent years.
Nothing gets by Victor. So, he never saw or was shown the outstanding loan document that Phillip Chancellor II (Donnelly Rhodes) signed when accepting money from John Abbott (Jerry Douglas) to save the company from financial ruin?
The above is hard, if not impossible, to believe. Yet, that is what fans are possibly being asked to do.
Unless Victor does know and never spoke about it because he didn’t want Jack Abbott (Peter Bergman), Billy, and the Abbotts to take control of the company. That’s believable and must be revealed as true to close that seeming plot hole.
Billy Abbott Cites Family To Strengthen His Hand
Ashley Abbott (Eileen Davidson) is right. Billy doesn’t want to work under Cane or Jack because he wants autonomy.
Billy is smart, and he knows that his siblings are equally entitled to have a say in the legal action he’s pursuing. So, mentioning the Abbott family as the rightful owners of Chancellor makes sense.
However, Jack, Ashley, and Traci Abbott (Beth Maitland) collectively decided not to get involved. But that stance could change if they see that their brother is treated badly because, as is believed, he’s right.
Winters Incorporated Doesn’t Control Chancellor?
For the moment, this section header is a subjective question. Billy will need to conclusively prove it.
Jack, Ashley, and Traci believe it could take years to play out this drama in court. Daytime fans know that’s true in real life, but the soap world has different rules, including expedited legal action or hurried settlements.
So, Lily and Cane plan to fight Billy. But Billy believes he holds all the cards and that this effort doesn’t represent a gamble but a sure thing in Genoa City, Wisconsin.
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