York Family News and Pictures 2: September 2015

[Tatiana Maria]

Originally Posted by sndral

This article states that Andrew says the Queen will not pay off his chalet debt. https://uk.news.yahoo.com/prince-and...133629234.html
The claim is that the chalet is on the market & the sale should pay off the debt which he and Sarah failed to pay in Dec. 2019. Given that the York’s previous property Sunninghill languished on the market w/out a buyer for several years, I don’t blame the former owner of the chalet for suing the Yorks for their breach of contract, particularly given Sarah’s track record of not honoring her debts - which has become something of a lifestyle for Sarah.

It was reported in January that the Duke of York finalized his payments on the Swiss chalet in late 2021, freeing it for sale. There is speculation that his settlement of Virginia Giuffre's civil case against him will be funded by proceeds from the sale of the chalet.

https://www.dailymail.co.uk/news/art...ki-chalet.html

Isabelle de Rouvre, 74, sold her house, Chalet Helora, to her then-friends Prince Andrew and his ex-wife Sarah Ferguson in 2014 for £18million.

Andrew and Fergie agreed with Ms de Rouvre that the house would be paid for in instalments.

But Ms de Rouvre claimed the Yorks failed to make the final instalment of £5m for the property in the exclusive Swiss ski resort of Verbier.

Initially Ms de Rouvre agreed that it could be deferred until December 2019, with interest accruing, but the pair still did not honour the agreement despite repeated demands.

Glamorous Ms de Rouvre, saddened by the breakdown in trust, was forced to launch a legal battle in the Swiss courts two years ago in an attempt to recoup the sum owed to her by the Duke of York.

The Duke finally paid late last year, and Ms de Rouvre has now said: 'The war is over. He has paid the money.'

The settlement raises questions over how Andrew raised the £6.6million he owed Ms de Rouvre - but it now paves the way for him to sell Chalet Helora and free up desperately needed cash to pay his escalating legal bills due to claims he sexually assaulted Virginia Roberts.

[...]

Disposal of the chalet will leave him owning no property in the UK or abroad.

[iceflower]

Princess Beatrice and Princess Eugenie with husbands are in Bahrain this weekend. They attended the qualifying yesterday and the Bahrain Grand Prix today, March 20:


** March 19 ** March 20 **


** dm article: Double date! Princesses Eugenie and Beatrice spotted among the revellers at Bahrain Grand Prix..**

[iceflower]

Princess Beatrice and Princess Eugenie attended the Big Curry Lunch (The Lord Mayor’s Platinum Jubilee Big Curry) at Guildhall today, April 7:


** Pic **

[eya]

The York girls together: By Princess Eugenie

" I joined @teenage_cancer to celebrate the opening of the new Teenage Cancer Trust specialist haematology ward @uclh

We had the opportunity to speak with the incredible Nella and Michelle, who shared their experiences of being treated on a Teenage Cancer Trust ward and the wonderful staff that support and care for young people fighting and overcoming cancer.

@teenage_cancer does such vital work in allowing young people to have their own space to be a teenager whilst going through cancer.

It was an honour to be a small part of opening this wing with my mum and sister."


https://www.instagram.com/p/CgRIgo8M2Ky/

[Sun Lion]

A London house, a mews house in Mayfair, has been purchased.

Said to be in Sarah’s name, and as an investment for her and Andrew’s daughters.

https://www.thesun.co.uk/news/194118...prince-andrew/

And now there are photos-

https://www.dailymail.co.uk/news/art...lls-house.html

[tommy100]

Intriguing given Sarah is supposedly broke, even i its for Eugenie and Beatrice's sake I would think it wise not to have a bankrupt as owner.

[muriel]

Originally Posted by Sun Lion

A London house, a mews house in Mayfair, has been purchased.

Said to be in Sarah’s name, and as an investment for her and Andrew’s daughters.

https://www.thesun.co.uk/news/194118...prince-andrew/

And now there are photos-

https://www.dailymail.co.uk/news/art...lls-house.html

I suspect some of the equity from the sale of the Swiss chalet was used to finance the purchase of the house.

[Curryong]

Not according to the DM article linked above. It says

The duke is also trying to sell his £18million ski chalet in Verbier, Switzerland. Bought in 2014, it was also described as a nest egg for the children. But the sale has been stalled by a couple who claim he also owes them a business debt of £1.6million.

[Leopoldine]

The Telegraph has an article by Hannah Furness ostensibly about Sarah's fortunes changing with her literary success.

https://www.telegraph.co.uk/royal-fa...rmed-fortunes/


Well, not really. They buried the lede. It's more about Charles removing Andrew from Royal Lodge once the new reign begins.


".... The Prince of Wales, who is understood to be a key driving force behind his brother’s disappearance from public life, is reportedly minded to ask him to move out of the large Windsor property once he is king. Sources say it is within the gift of the monarch to terminate the Royal Lodge arrangement. ... "

[Sun Lion]

A couple of the Savills’ sale articles.

The video no longer works, but the photos of the roof terrace are worth a look, very appealing property.


https://assets.savills.com/propertie...NH20001655.PDF

https://search.savills.com/property-...bkbhsslh200095

[SirGyamfi1]

Originally Posted by Sun Lion

A London house, a mews house in Mayfair, has been purchased.

Said to be in Sarah’s name, and as an investment for her and Andrew’s daughters.

https://www.thesun.co.uk/news/194118...prince-andrew/

And now there are photos-

https://www.dailymail.co.uk/news/art...lls-house.html

According to the Daily Mail, they claim that they got confirmation from Sarah’s spokespersons that she purchased the property, but calling the Duke of Westminster her “friend” is a stretch.

[Sun Lion]

Originally Posted by muriel

I suspect some of the equity from the sale of the Swiss chalet was used to finance the purchase of the house.

Well, the news has brought some, I would think unwanted, attention from that quarter back upon Andrew and Sarah.

https://www.dailymail.co.uk/news/art...air-flats.html

[Moonmaiden23]

Originally Posted by Leopoldine

The Telegraph has an article by Hannah Furness ostensibly about Sarah's fortunes changing with her literary success.

https://www.telegraph.co.uk/royal-fa...rmed-fortunes/


Well, not really. They buried the lede. It's more about Charles removing Andrew from Royal Lodge once the new reign begins.


".... The Prince of Wales, who is understood to be a key driving force behind his brother’s disappearance from public life, is reportedly minded to ask him to move out of the large Windsor property once he is king. Sources say it is within the gift of the monarch to terminate the Royal Lodge arrangement. ... "

Andrew has a perfectly legal, 99 year lease on RL. He has sunk a considerable amount of $$ into refurbishment of the property.

Is forcing his brother out of his longtime home worth it to Charles when one considers the cost to buy Andrew out, not to mention the messy publicity?

Charles is going to have his hands full dealing with damage to his own image and the never ending problem of the Sussexes once he becomes king.

What would be the point of poking the stick at Andrew?

[Tatiana Maria]

In addition to the "reportedly" caveat, the Hannah Furness article describes it as "rumor", so it would appear that even the reporter is skeptical. Even if there is some truth to the rumor, it may have been leaked in an effort to nudge the Duke of York into halting his attempts to return to public life more than as a firm intention.

[Mirabel]

Originally Posted by SirGyamfi1

According to the Daily Mail, they claim that they got confirmation from Sarah’s spokespersons that she purchased the property, but calling the Duke of Westminster her “friend” is a stretch.

I believe the Duke is more or less a "friend" of the royal family in general, not Sarah in particular.
He probably gave her a good deal on the property.

[SirGyamfi1]

Originally Posted by Mirabel

I believe the Duke is more or less a "friend" of the royal family in general, not Sarah in particular.
He probably gave her a good deal on the property.

But DM or at least the journalist for the story is calling the Duke of Westminster Sarah’s friend which isn’t necessarily true. Hugh is not on the board of trustees or on the company board so he cannot gift any properties to anyone and he doesn’t currently work for the company.

[muriel]

Originally Posted by SirGyamfi1

But DM or at least the journalist for the story is calling the Duke of Westminster Sarah’s friend which isn’t necessarily true. Hugh is not on the board of trustees or on the company board so he cannot gift any properties to anyone and he doesn’t currently work for the company.

A few thoughts:

> I tend not to treat the DM as gospel. The Duke of Westminster is certainly a friend of the RF, but I would be surprised if he was close to Sarah.

> Hugh is certaibly not a Trustee of the Grosvenor Estate, he is the beneficiary. There are no outside shareholders. If he so chose, he probably could direct the Trustees to make a discounted sale to somebody. That said, I would think this would be a highly unlikely scenario.

[SirGyamfi1]

Originally Posted by muriel

A few thoughts:

> I tend not to treat the DM as gospel. The Duke of Westminster is certainly a friend of the RF, but I would be surprised if he was close to Sarah.

> Hugh is certaibly not a Trustee of the Grosvenor Estate, he is the beneficiary. There are no outside shareholders. If he so chose, he probably could direct the Trustees to make a discounted sale to somebody. That said, I would think this would be a highly unlikely scenario.

You are correct firstly, on the second part, highly unlikely as Hugh doesn’t work with or for the company so him being involved is unlikely. Either way, hopefully the money used to purchase the property isn’t coming from some shady characters and the girls will get to enjoy the property without any controversy.

[muriel]

Originally Posted by SirGyamfi1

You are correct firstly, on the second part, highly unlikely as Hugh doesn’t work with or for the company so him being involved is unlikely. Either way, hopefully the money used to purchase the property isn’t coming from some shady characters and the girls will get to enjoy the property without any controversy.

Just to clarify, my point is that Hugh is unlikely to intervene to get Sarah a doscounted deal on the property because I do not believe either he or his family are close to Sarah per se. It is not because he is not involved in the company. The Trustees act for this benefit, and as the sole beneficiary of the estate, he will no doubt be able to direct the Trustee's to act, if that is indeed his will.

[Alison H]

I can't see anyone giving "mates' rates" when it comes to the sale of a £5m property held by a trust. Maybe the Telegraph's right and Sarah genuinely has made a lot of money from her book.