Prince Andrew And Sarah Ferguson Are Facing Legal Action Over Their Failure To Pay $8 Million On A Swiss Chalet They Bought
It’s a good thing Prince Andrew isn’t in Quoronaqueentine (™) at Windsor Castle with his mom because he’s in trouble with the law, again, and it would be a shame if he had to suffer her wrath in person. And by her wrath I mean a breathy, disappointed “oh, Andrew,” which really doesn’t have the same devastating impact when delivered over Zoom. According to The Guardian, Andrew and his ex-wife, Original Fergie, are facing legal proceedings over missed payments on a $22 million chalet in Switzerland they jointly purchased as a vacation home in 2014. Andrew and Fergie currently owe over $8 million dollars that was due in December, 2019. I’m sure they meant to pay it, but earlier that year, their credit line at The Bank of Epstein was suddenly canceled out of the blue.
The Guardian reports:
Prince Andrew is caught in a dispute over a Swiss ski chalet with reports legal proceedings have been launched against him over an unpaid bill.
Le Temps newspaper said Andrew and his ex-wife Sarah, Duchess of York, bought the holiday home in the Verbier ski resort for £18.3m (22 million Swiss francs) in 2014.
But the pair did not meet a deadline in December 2019 to pay off a chunk of that sum for the seven-bedroom chalet, the French-language daily newspaper reported.
BBC reports that “the chalet was bought by the divorced couple on a joint mortgage,” adding:
The Duke and Duchess of York have links with the ski resort going back at least 17 years, when they went there on holiday with their two daughters.
A source close to the duchess described the purchase as a “family investment”.
“They holiday in Verbier several times each year as all the family are keen skiers and it makes sense to have their own place there,” the source said.
Guys, it just made sense. Fergie and Andrew were being thrifty and trying to save The Crown money by saving on rental fees. Do you know how hard it is to find a rental that features seven bedrooms, “an indoor swimming pool and sauna, a master bedroom with en-suite bathroom fur throws, antiques and artworks”? The Sun also reports that Andrew “was said to be there with close pals when the Epstein scandal broke in 2015,” and that Fergie and Princesses Bea and Eugenie spent Christmas there last year, but that Andrew was “lying low back home” as his disastrous BBC interview had just aired the month prior. So many happy family memories at the chalet, what a shame it’s come to this.
According to The Guardian:
A spokeswoman for the Duke of York said: “We can confirm there is a dispute between the two parties in this matter.
“The contractual details remain the subject of a confidentiality agreement and prevent further discussion.”
Buckingham Palace declined to comment on the reports.
The Le Temps report claims nearly £5m was due to be paid over the chalet at the end of 2019, which has since risen to £6.7m (eight million Swiss francs).
It is understood that Andrew and Sarah had intended to sell the chalet, and the proceeds of the sale were intended to clear any outstanding debt, a move which is believed to be known to the lender.
And to think, just a couple of weeks ago The Yorks were toying with the idea that a lavish Royal wedding for Princess Bea would be just the thing to lift Britain’s spirits once the coronavirus pandemic had passed.
The prince has a modest naval pension and is funded out of his mother’s private income.
His ex-wife once had debts of five million pounds.
Together, they’ve managed to secure a mortgage and buy a Swiss chalet worth millions.
Those around the duchess are keen to stress that the couple haven’t borrowed any money from any individuals.
Jeffrey Epstein, the registered sex offender, who once loaned Sarah Ferguson £15,000, hasn’t bankrolled this purchase.
The Queen, with her substantial but never disclosed private wealth, may well have underwritten this loan, taken out by the parents of two of her grandchildren.
It’s a good thing Fergie and Andrew have been earning their keep by putting cupcakes in gift baskets for charity, like they did last month. Hopefully they hid a few trays in their trunk so they can have a bake-sale later to help pay off their debts. Look, you want a Swiss chalet? You better work, bitch!
Pic: Wenn.com