The air is getting thinner for Prince Andrew after a sexual abuse lawsuit against him was admitted in the United States. Not only the reputation and the monarchy suffer, but also the finances. The duke needs money.
The British monarchy is in the greatest crisis since the death of Princess Diana: Not only the departure of Prince Harry and Duchess Meghan shakes Buckingham Palace, especially the allegations of abuse against Prince Andrew cast a bad light on the Royal Family. In the United States, Virginia Giuffre’s lawsuit against the Duke of York has just been admitted. And no matter how the case ends in court, the Queen will have to come up with a solution for Andrew. In addition to losing his reputation and title, he has other worries: his finances.
Because one of the last options that is still available to him is an out-of-court settlement. This is not uncommon in the United States for civil actions in order to avoid lengthy proceedings. Guiffre, who accuses the prince of sexually abusing her as a 17-year-old, could get up to five million pounds, observers estimate. Money that the prince does not seem to have on the high edge.
Prince Andrew’s failure in court means high costs
As the “Daily Mail” reports, he and his ex-wife are scraping together the millions to be prepared for legal fees and possible compensation payments. After a quick search, Andrew is said to have found a buyer for his luxury property in the Swiss ski resort of Verbier. The family has been vacationing there for years; he and Fergie bought the chalet for £ 17 million in 2004. Now the prince has apparently got rid of it.
Insiders had previously reported that the Queen refused to share the costs of the process. However, if it should really come to a payment in the millions, she will probably have no choice but to buy her second oldest son free.
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Source From: Stern
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