The royals spent several months running to Prince Andrew to settle with Virginia Giuffre insisting that Andrew would have to clean up his own mess and pay your own payments.
So why is it weird not surprising to read the allegations in Sun that Prince Andrew’s settlement will be financed with the help of a large loan from Charles and the queen?
Of course, Andrew’s loans and regular loans are not always the same. A few months ago it was revealed that Andrew, having borrowed $2 million from a private bank run by a friend – Conservative donor David Rowland – he returned the money with a personal gift from… David Rowland.
The British public seems to be softening for something similar here. In this case, the British newspaper Sun said that if Andrew does not return the money (from the sale of his Swiss ski chalet), it will be forfeited from any claim his mother left him in her will. .
A skeptic might wonder if a indulgent mother could simply leave her wayward but favored son a pile of extra cash so he could finally pay back Charles’ loan. .
As the palace refuses to provide any instructions or information on how Andrew is handling his debts, other than insisting the matter is “private”, this may never be known. Royal wills are usually kept secret; most recent witness is decisive succeeding Prince Philip’s will for ninety years from the prying eyes of the public.
The Sun says Charles must pay, “most of the deal,” which must be paid in full ten days from now and is reported to be between $10 million and $14 million. The Queen is also “squeezing in” but Sun said no remuneration was involved in the settlement.
Andrew was then supposed to repay his brother and mother with the proceeds of the sale of his Swiss chalet.
The Sun confidently says this thing will sell for around $17 million, but this ignores the fact that Andrew has hefty debts to the property. Some calculations suggest that he only about $4 million of equity in the propertywhich he owns with his ex-wife.
And while Andrew’s side has been confident that the sale is coming to an end for weeks now, the reality is that the war in Ukraine has dented sales of luxury real estate across Europe. Russian buyers have long played an important role in capturing the leading position of the European real estate market. It wouldn’t be entirely surprising if the terms for a disgraced prince were revisited.
The Sun says that if Andrew fails to pay his brother back, the money, including a donation to Giuffre’s charity for sex trafficking victims, will land in his mother’s will when she died.
While this may satisfy Charles’ own sense of rightness, it is unlikely to quell public anger at the royal — if not public — money being used to make the Andrew’s legal woes disappeared.
Speaking of the decision to lend Andrew the money, a source said: “There have been discussions within the family about how to ‘take some from here and some from there.’
“Once [money from the chalet] hit his bank account, he can pay back his brother and whoever else loaned him money.
“But that payment [to Virginia] must be paid on time. He cannot rely on the sale of chalets. Too many things can go wrong and the courts won’t wait for asset queries.”
A friend of Andrew’s added: ‘He has no income or money to repay the bank so family is the only way to secure this payment.
Andrew, of course, famously said he had “no recollection” of ever meeting Giuffre and accused her of being a liar when she alleges that she had sex with him.
Andrew backed into a corner claiming he had never met Giuffre, with sources on Giuffre’s side telling The Daily Beast they had little more left to prove that the two had ever met.
This is a relatively simple task, made significantly simpler by the widely circulated photo of Prince Andrew with his arm hooked around sheriff Virginia Giuffre.
Andrew’s side tried to confirm the photo was fake, and The Daily Beast revealed the original photo was lost, but there was never any realistic prospect of Andrew being able to reverse the fascinating story presented. by the photo where he met Giuffre.
The office of Prince Andrew and the Queen declined to comment to The Daily Beast. Prince Charles has been approached for comment.