Prince Andrew got paid for royal access via an unsecured $2 million loan

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All of last week, as the British media danced around and executed wall-to-wall coverage of the Duchess of Sussex, I wondered where Prince Andrew was and what he was up to. The last time Andrew got major headlines was when his lawyers filed his legal response to Virginia Giuffre’s lawsuit. Andrew’s response was to mock a survivor of human trafficking as a money-hungry bitch and liar. Yeah. Meanwhile, there is still so much mystery about Andrew’s finances, what mummy is paying for and what happened to Andrew’s debt. Bloomberg (via the Daily Beast) had some news on that front:

Prince Andrew’s lavish lifestyle, conducted on a known income of a naval pension of around £20,000 ($27,000) has long been a true royal mystery. Even when he was receiving an annual stipend from his mother of £250,000 ($340,000), he appeared to live a flashy lifestyle of fancy holidays, fast cars, a $23 million Swiss chalet, and private jets way beyond his apparent means. No doubt the sale of a mansion given to him by his mother helped, especially as he sold it for £3 million ($4 million) more than the asking price to a Kazakh oligarch, who, after some delay, demolished it.

Now at least part of the answer to the riddle of Andrew’s enviable cash-flow situation is provided by a Bloomberg News investigation that has found a company controlled by one of the ruling British Conservative party’s major donors, David Rowland, sent £1.5 million ($2 million) to Andrew. Andrew promptly used the money to repay a loan for an equivalent amount from a private bank controlled by the Rowland family. Bloomberg News alleges that David Rowland’s company, Albany Reserves, “wired the money to a London account at Banque Havilland SA held by the queen of England’s second son in December 2017,” citing “interviews with two people familiar with the transactions and bank documents seen by Bloomberg News.”

Bloomberg adds: “The transfer was earmarked for repayment of a £1.5 million ($2 million) loan from Banque Havilland the prince had taken out just 11 days earlier.” In fact, Bloomberg makes clear, the loan had started out as “£1.25 million facility that had been extended or increased 10 times since 2015.”

Bloomberg reports Andrew “operated as an unofficial door opener for Rowland and his family for more than a decade” and says the loan was made despite the fact that Banque Havilland staff warned the loan was “not in line with the risk appetite of the bank,” according to “an internal credit application.”

A note on the document reportedly added that the unsecured loan, bearing interest of 8 percent, was granted in November 2017 because it opened up “further business potential with the royal family,” adding: “While the (increased) loan is unsecured and granted solely against the credibility of the applicant, both his position and that his mother is the sovereign monarch of the United Kingdom should provide access to funds for repayment if need be.” Bloomberg says the loan was then repaid using “£1,503,000 transferred to the prince from a Guernsey-registered company controlled by the Rowland family.”

A spokesperson for the Duke of York told Bloomberg News that Andrew “is entitled to a degree of privacy in conducting his entirely legitimate, personal financial affairs, on which all appropriate accounting measures are undertaken and all taxes duly paid.” A spokesman for Banque Havilland declined to comment to Bloomberg.

[From The Daily Beast]

I’m incredibly confused about what went down and why, but here’s what I think happened: Andrew got paid via “unsecured loan” in 2017 for selling access to himself and his family. Then when it came time to pay the “loan,” people from the same family (the Rowland family) paid Andrew, who then “paid” the loan. What in the money laundering?!? What kind of shady access scheme was Andrew even running? This whole thing is honestly par for the course for Andrew and Fergie – for decades, they’ve gone through these wild cycles were they’re suddenly flush with money out of nowhere and they pay off their “debts” and buy multi-million-dollar real estate, and then months later, they’re suddenly deeply poor and they need huge loans from their friends. Friends like Jeffrey Epstein. If you think this is messy for Andrew, you should see what Fergie’s financial crimes look like these days.

Duke of Edinburgh death

Photos courtesy of Avalon Red.

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26 Responses to “Prince Andrew got paid for royal access via an unsecured $2 million loan”

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  1. ThatsNotOkay says:

    No, you’re not entitled to privacy. Isn’t that what they tell H&M?

    Besides, crimes, financial or otherwise, are exempt from your privacy claim. Such as the crime of thriving while black. Or TWB.

    • JT says:

      Right. I love that bit about how Andrew is entitled to privacy. Must be nice. What’s even more funny is that the British press will give it to him and nobody else will say a damn peep about it.

    • Over it says:

      Agree, Meghan and Harry would have absolutely love some of that entitled privacy that is so freely given to pedo prince and his shady ass.

  2. Eurydice says:

    And the Maxwell trial goes into jury selection today.

  3. lanne says:

    But Meghan blah blah blah.

    This is embarrassing, Brits. Please tell me people are speaking out against this. Trump was embarrassing and we in the US are still speaking out against Trump.

    An entire media weaponized against 1 woman who hasn’t set foot in the country for over 2 years while members of the royal family commit crimes and participate in unsavory activities up the wazoo.

    How is this okay?

    • goofpuff says:

      Meghan is weaponized to distract the Brexit-voting populace from both the royal family’s shady shenanigans and from the government’s shady dealings as well. There are plenty of major issues happening in England due to Brexit that the government is trying to gloss over and hide from their supporters.

      Since they are already racist and classist, it is easy to rile them up. The people who are not Brexit-supporters don’t get a say in the media because the British government controls the media.

    • Andrew's Nemesis says:

      Oh, people across the political spectrum are enraged by this – and even the blue-rinsed ‘I have the entire commemorative Royal china set collected since 1955’ brigade have been calling for a Republic. They’re ‘very disappointed’ in Old Brenda.

  4. Andrew's Nemesis says:

    I’d love HMRC to do a full audit of the Paedo Prince’s ‘finances’, followed by a Guardian expose (much of the rest of the press being too in thrall to the Invisible Contract to do anything useful, rather savaging Meghan as they pursue their red herring strategy). What about it, Tax Officials? You make such an example of going after ‘benefit cheats’ – why not this appalling creature?

  5. Sof says:

    Next: Exclusive! Unlike others who pay their debts, Meghan asked for a pen once and never gave it back!
    Seriously, what is going on here.

  6. Merricat says:

    You really must wonder what god appointed this trash family to rule over anyone.

    • Andrew's Nemesis says:

      Reminds me of a line in a U2 song – ‘the God I believe in doesn’t ask for cash, Mister’

  7. Emma says:

    But they’re not political! The royals open doors for Tory donors and kingmakers, receive $2 million from Tory power brokers, but oh no they’re not political! The New York Times said so.

    • Mac says:

      I’m not the least bit surprised the BRF engages in pay-to-play. I suspect it’s the main source of their private wealth.

  8. NotSoSocialB says:

    He sure is looking ashen these days. Good.

  9. L4Frimaire says:

    Interesting how they say Andrew is entitled to a degree of privacy but the royal family is going balls deep to ensure that Meghan gets none. This guy is always surrounded by some type of financial grift and corruption. In this country he’d be indicted based on all his shady financial deals. The sad part is this is small money he is scrounging over.£1.5 mil here, £350k there, not to mention Sarah Ferguson associating with Epstein for a mere $15k “loan” ( bet it was way more). These people reek of corruption, him, Charles, William, the whole barrel is rotten.

    • Over it says:

      Well since he is still living in a tax payers funded property I believe it is, and still getting protection from Scotland Yard, then no pedo prince, you aren’t entitled to shit. You can have some when Meghan gets some.

    • Eurydice says:

      Yes, and somehow, nobody is “fed up” with Andrew.

  10. Jay says:

    Interesting that this ongoing “loan” was apparently extended or increased “10 times since 2015”. I think more than influence peddling, that this sounds like a good way to hide ongoing payoffs and move dirty money around. Curiouser and curiouser.

    • BothSidesNow says:

      @ Jay, that’s what raised my eyebrows!! Let’s face it, they are ALL involved in dealing some nasty side business to further their flow of cash! Wouldn’t be surprised if olé Chaz wasn’t getting a bit of cash while in Jordan!!

  11. Concern Fae says:

    It is both true that Andrew is the worst and that this is a structural problem that the RF refuses to solve. You have the system of primogeniture, where the eldest inherits basically everything and the younger children are left to fend for themselves (more or less). This is obviously garbage, but it is also why those huge British estates and fortunes are still around and those families are still powerful. Originally younger sons went into the priesthood, military, or in more recent centuries, shipped off to the empire to make their fortune.

    The problem is that living a prince or princessly lifestyle is expensive. You cannot live as a Prince on 20,000 pounds a year, but there is a whole system set up to pretend that Andrew should be able to. The Queen and Charles are frugal assholes who don’t want to settle the amount it would cost to actually live on to the other members of their families. They have also framed the RF as giving good value for the money the UK government spends on it. This has allowed for tons of frankly garbage articles about royal spending. This shite costs money! Either spend it or chuck the lot of them. This double standard of wanting an above it all, apolitical RF, while making sure that offering access to the RF is the only way that members are able to make money, creates a vicious cycle that benefits only the tabloids who feed on scandal. And the TQ & PC who are allowed to pretend that they didn’t create this problem.

    Honestly, the Government should figure out how much it costs to be a Royal and require the RF to set up a trust fund for every child at birth that will cover that amount. Children should be raised to know that this is the amount that they will have to live on. That they will have friends who are wealthier than they are is to be expected. That is what the royals don’t want to face. This is the real reason they are so angry at Harry for leaving. He’s showing how much it actually costs to be a royal and what you would have to do to earn that money on your own.

    tldr; Andrew is effin’ evil and corrupt, but his family not being honest about money and how much things cost is at the root of a lot of this.

    • Eurydice says:

      This is super interesting – thanks for laying out the issues like this. I wonder how the suggestion by the RF that Meghan should continue acting would fit into this. Would this mean that princes/princesses could get actual jobs other than just selling influence, or do you think this was just a Meghan-specific suggestion?

      • Laura says:

        I believe Prince Edward was the first to get an actual job, many years ago. It could be done. Andrew doesn’t want to. IIRC some in the RF were irked by Edward working, probably because it shows up the layabouts.

  12. Amy Bee says:

    The royal rota is always very quiet on Andrew’s shady dealings. He’s the royal who still lives in the UK on royal property and is financed by the Queen.

  13. Anna says:

    Andrw is a fraudster and a criminal. What is his punishment? A few critical articles. “Normal” person would be hounded and prosecuted like there’s no tomorrow for all that he has done (that we know of).

  14. RoyalBlue says:

    How is he able to afford living in Royal Lodge. That place is humongous and the staff it would take to run it alone would cost a small fortune, far less the utilities. Is it all coming from mummy?

  15. Helutka says:

    I do not understand how this family worth billions of dollars in real estate, art, jewels, off-shore accounts, mostly tax free has such a financial problems. Is their wealth mythical?