https://www.theguardian.com/uk-news...e-legal-case-over-reported-5m-ski-chalet-debt
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.
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.
Law firm Etude du Ritz has been instructed to launch legal proceedings, Le Temps reports.
Well times are hard for Prince Andrew when the mortgage for his $30,000,000 Swiss ski lodge went into default. I am guessing that PA has been cut out of his accustomed place at the Buckingham Palace Gravy Trough because he's now short by about $10,000,000 on his mortgage buyout deadline.
Guess the British taxpayers will have to dig a little deeper on this one to help P Andrew out. He probably only has 11 or 12 other vacation properties to hide out in, poor guy!
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.
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.
Law firm Etude du Ritz has been instructed to launch legal proceedings, Le Temps reports.
Well times are hard for Prince Andrew when the mortgage for his $30,000,000 Swiss ski lodge went into default. I am guessing that PA has been cut out of his accustomed place at the Buckingham Palace Gravy Trough because he's now short by about $10,000,000 on his mortgage buyout deadline.
Guess the British taxpayers will have to dig a little deeper on this one to help P Andrew out. He probably only has 11 or 12 other vacation properties to hide out in, poor guy!
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