"Young and the Restless" spoilers for Thursday, June 11, reveal Victor Newman's reward for Phyllis Summers. Phyllis successfully handed Matt Clark to the Newmans. And even though he's suffering from amnesia, it's more than enough for Victor.
Phyllis has also surrendered the Newman Enterprises to the family, and Victor will reward her sacrifice.
Meanwhile, Lily Winters upsets Billy Abbott after learning about Chancellor.
'Young and the Restless' Billy Opens Up To Lily
Thursday's spoilers of "Young and the Restless" reveal Lily asking Billy if he's heard anything about his family. Billy will say he hasn't, but he's hoping they're fine.
Lily will then tell Billy about Chancellor. "Victor is giving up Chancellor and he's giving it to me," she says. Billy will say he's happy for her.
"This is where you're gonna need to keep an open, positive mind," Lily adds, before saying, "I've asked Cane to run it."
Billy is shocked by what Lily tells him. "Cane screwed over everyone in town. You're gonna reward him by giving him the keys to the kingdom?" he says.
Billy adds that Lily is going to regret her decision. "I'm sorry but I really believe Cane's the best person for this job," Lily insists.
Victor Gives Phyllis Her Reward
"Young and the Restless" spoilers for Thursday tease Phyllis packing at the Newman Enterprises. "Even after I did the right thing. I still lost it all," she says.
Victor arrives, and he'll say he came to make a deal with her. "You stood up to me and you won," Victor says, adding that she deserves a reward for saving his son.
Victor then tells Phyllis that he still has Arabesque, and she'll get skeptical about it. "I think you could turn that company into a viable corporation," he says.
Phyllis will later have a conversation with Lauren, and she'll start to consider Victor's offer. "I think it's for real. I saved Nick's life, shouldn't I be able to rebuild my own?" she says.
This Week On 'Young and the Restless':
Monday, June 8:
Victor determines Matt Clark's fate; Lily makes Cane a surprising offer; Malcolm returns home to Genoa City.
Tuesday, June 9:
Malcolm and Stephanie settle unfinished business; Sharon keeps her distance from Matt Clark; Noah hosts the opening of the new Shadow Room.
Wednesday, June 10:
Christine sees Danny in a new light; Victoria and Kyle call a truce; Sienna stands her ground with Audra.
Thursday, June 11:
Victor makes a shocking business decision; Nikki supports Nick with his sobriety; Stephanie shares a secret with Nate.
Friday, June 12:
Victor questions Nikki about her health issues; Phyllis reaches out to Summer; Adam keeps tabs on Matt Clark.
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