Prince Charles Reportedly Loaned Prince Andrew Most Of The Money For His Lawsuit Settlement
So apparently the phrase “Heyyyyyyy…can I borrow $20?” transcends all tax brackets. Because it looks like when Prince Andrew needed to cut a check to Virginia Giuffre, he might have called up his older brother Prince Charles and begged for some financial help. But instead of $20, Andrew needed a loan for several million dollars.
After it was announced by both parties that Prince Andrew decided to settle Virginia Giuffre’s 2021 sexual assault lawsuit for an undisclosed amount of money, rumors started going around that the amount on the check was between $12 million and $16 million. And not long after that began the speculation for how in the world Andrew was going to pay for it. Because as everyone knows, Prince Andrew may be a Prince of the highest order, but he’s also just a regular guy who can’t even afford the payments on his ski chalet. There were also conflicting reports about how much Queen Elizabeth was willing to chip in, with some saying she wasn’t answering Andy’s begging, and others claiming that she was willing to cover a pretty significant chunk of the settlement. The Sun is now reporting that some of the settlement will be covered by The Queen, but that “most” of it will be courtesy of a loan from Chuck.
The unemployed Duke of York, 62, now has ten days to deposit the money so that his accuser Virginia Roberts Giuffre will drop her sex abuse writ.
He will pay back Charles and Her Majesty, 95, when he gets the cash from the £17 million sale of his ski chalet in Verbier, Switzerland, which could take two months.
If he fails to repay, Andrew will lose money from the will of the Queen, who is believed to have funded his legal battle.
The Sun’s sources also claim that Charles was the one pushing for Andrew to settle his lawsuit, rather than going to trial and further embarrassing himself (I’m just assuming, based on the other times Andrew has defended himself in public). Sources dd that Prince Andrew was planning to pay the settlement himself from the sale of the Swiss ski chalet, but that there was no way he’d be able to pay Virginia in time, so he had to call in a favor to Mummy and Big Brother.
Speaking on the decision to loan Andrew the money, a source said: “There were family discussions about how to ‘take a little from here and a little from there.'”
A friend of Andrew added: “He has no income or money to repay a bank loan so the family is the only way to guarantee the payment.”
Prince Andrew, who lives with ex-wife Sarah Ferguson at 31-room room Royal Lodge at Windsor, will pay Ms. Roberts Giuffre, 38, around £7 million (between $9 and $10 million). It includes a sum to her charity for sex trafficking victims.
So it sounds like the amount of that settlement is allegedly just over $9 million. And most of that is being covered by a check signed by His Royal Highness, Prince Charles. And Andrew did pay in time. The Evening Standard reports that on Monday, a “Stipulation of Dismissal” was filed, which means the check cleared. The Evening Standard says that both Prince Andrew and Virginia Giuffre covered their own legal costs, so that settlement didn’t include any extra cash for legal fees.
The Sun writes that The Queen and Prince Charles used their own money. Knowing that Charles used his own money could make this situation even messier. When Andrew eventually sells that ski chalet, will he even have enough to pay his brother back? And even if he does, why do I get the feeling that little slimeball will come up with every excuse in the book for why he just can’t seem to pay his brother back on time? Really, the only thing preventing these two from arguing over this loan on Judge Judy is a couple of HRH titles and their mother yelling at them, “Not in public!!”