Prince Andrew owes a Swiss couple £1.6 million, they’ve frozen the sale of his chalet

When Prince Andrew settled out of court with Virginia Giuffre, there was a lot of talk about where the reported £10 million came from, whether the Queen gave the money to Andrew outright or whether it was a loan to be paid back. The idea, at the time, was that Andrew would be able to “pay back” some of the money when he completed the sale on his Swiss chalet. The Yorks took one last trip to the chalet over the New Year’s holiday, and then the chalet was quietly sold… or something. No one was ever clear about who purchased the home or how much Andrew sold it for. What was funny about that is he still had to pay off the original chalet owner, Isabelle de Rouvre, because he still owed her millions. She had taken him to court to get paid. As if the whole “Swiss chalet” story wasn’t complicated enough, it seems like there’s a new mystery involving the chalet escapade. It’s still not over.

The Duke of York has been branded an “absolute fool” after becoming embroiled in another £1.6 million debt battle. The “business debt” is owed to a Swiss couple who are understood to have placed a freezing order on his Verbier ski chalet 18 months ago. Isabelle de Rouvre – a French socialite who sold the chalet in 2014 to the Duke and Sarah, Duchess of York, but later sued them over an outstanding £6.7 million debt – said she pitied the Swiss pair caught up in the legal wrangling, knowing the stress she endured in recouping her money.

“It was a horrible experience,” she said. “I do not understand how he operates and I feel very sorry for people who are involved with him in business.”

The Duke’s latest debt came to light after proving a complicating factor in his ongoing sale of the chalet, called Helora, which has been in train for several months.

A source close to the Duke told The Telegraph: “Talks are underway to resolve the matter. It in no way prevents the sale of the chalet, which is proceeding.” The Duke is said to be disputing the amount owed, but does not deny the unpaid debt.

Ms de Rouvre, whose own money was finally repaid last year, said the Duke and Duchess of York “are so crazy”, adding: “He is an absolute fool and I just cannot understand how he goes about his life. Really it is a tragedy and so bad for the Queen. I don’t know how she manages with them. I am lucky that a deal was made and it is the end of the matter for me. I am fed up with the whole thing.”

[From The Telegraph]

So… completely separate from all of Andrew’s chalet mess with Isabelle de Rouvre, Andrew owed £1.6 million to another Swiss couple, and the couple put what amounts to a lien on the chalet, freezing the sale. Do I have that right? I think so. When, where and how did Andrew get into debt with this couple? Did they “lend” him £1.6 million for something? Honestly, we haven’t even scratched the surface of Andrew’s financial mess, and yes, financial improprieties. All of the shady “gifts” from foreign governments, all of the mysterious loans for shadowy Tory donors, all of the mysterious debt that crops up out of nowhere. I’m still focused on how Andrew thought he could afford the ski chalet in the first place too. One minute he was flush with cash and then right after Jeffrey Epstein’s death, suddenly Andrew is completely brokeass? WTF is happening here?

Photos courtesy of Backgrid, Avalon Red.

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22 Responses to “Prince Andrew owes a Swiss couple £1.6 million, they’ve frozen the sale of his chalet”

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  1. ChillinginDC says:

    Man. If I am Charles I am giving him and Fergie some money to go and F off somewhere. He’s a mess. And a grifter!

  2. Layla Beans says:

    I don’t understand how he has no money. Isn’t the Queen one of the wealthiest women in the world? How does her son have no money? Is there no trust fund for this guy or did he spend it all?

    • India says:

      I expect he has plenty of money in off shore accounts like they all do and he likes to spend other people’s money.

      • A says:

        I also believe this. There is simply no way I would believe that the whole family doesn’t have obscene amounts of cash squirreled away in various places. Like Phil was shown to have done after he died. If they abolished the monarchy tomorrow I don’t think any of them, any of their children, any of their children’s children or any of their children’s children’s children would have to work a day in their lives.

        Andrew’s just dumb.

    • Sinéad says:

      This is what I don’t understand the Paradise Papers said the Q has £500million in offshore accounts so she probably has double (or triple) that, so Andrew will likely get £100m or so in her will when she passes so why not just draw from that she can’t take it with her…

  3. ThatsNotOkay says:

    Ghislaine’s assets must be frozen or seized.

    This is why the spare business model doesnt work. Being reliant on your mother or sibling your whole life for income? How demoralizing/infantilizing/emasculating/emfeminating. Noncy Drew is the epitome of the problem to the nth degree, but it has always been there, nonetheless. The heir business model and, heck, the monarch’s herself is shady af. But this? Still, I’m rooting for Andrew to BURN IT ALL DOWN with his honourableness.

    • MollyB says:

      Emfeminating? How is being reliant on Mom a woman thing??

    • Lili says:

      Yep you are right, and still in all the false equivalency to Harry they cannot fathom that him leaving is best for him. recent history has not been kind to spare’s Elisabeth is lucky because the rightful heir abdicated. Andrew has no discernable skill he can trade off, in all the years he was left to his own devices what did he do ended up tangled with a sex trafficker. i suppse he could write a book and drop some truth bombs about the inner working of the firm, but from the sounds off it he so far up his own backside he wouldnt have the first clue

  4. Scorpion says:

    Thank God, Diana left Harry money and Harry ran!!!

    This was the fate awaiting him and Meghan!

  5. Concern Fae says:

    The problem with Charles or TQ paying off his debts is that he turns right around and gets new ones. I remember reading something about Sarah and her money troubles. A lot of it came from giving people she barely knew incredibly expensive gifts. That sort of foolishness can’t be fixed without the person really seeing that there is a problem. The solution is usually having someone else control the money. Is Andrew going to accept that? Nope. I’m pretty sure that’s why the Balmoral solution was floated. Too easy for him to have people over and make quick runs to London from Windsor.

    Maybe Charles needs to ask for the Tower of London back, so it can be used as a residence for disgraced royals.

    • Isabella says:

      I think when you stay with people for lengthy periods, as Fergie surely does, then you have to give them expensive gifts. I remember this from Edith Wharton novels about the very rich. You also need the right clothes and so on. Freeloading is expensive.

      • Concern Fae says:

        Yeah. Rich people know what shit costs and definitely keep track of what people are wearing to see who is part of their peer group. The sense I got with Fergie though is that she was buying these gifts for everyone, not having the sense that your hostess got a nice gift, the maid a nice tip, and everyone else a smile.

        Some of this surely comes down to no one in the Windsors being willing to set rules and say to the married ins, this is what’s acceptable and what’s not. And also not being honest with finding actual jobs for the younger sons.

    • Katie says:

      OMG, I never thought about it before, but in another age he absolutely would have been locked up or exiled. His disgusting behavior would have been more accepted back then, but he and his wife never know when to stop. Give him a line, and he’ll cross it. He’s also not smart enough to gain the upper hand over his brother. So absolutely, for sure, to a tower or some such he would have gone.

  6. aquarius64 says:

    Andrew will be an albatross arond the Windsors after the queen is gone.

  7. Andrew's_Nemesis says:

    Pandrew is irredeemably stupid, narcissistic and full of hubris. I’m surprised that after do many years of obvious fucktrumpetry, people are still lending him money/giving him the benefit of the doubt. What does it take to bring this arrogant monster down???

  8. ellgeewhiz says:

    Thank you for including the picture of Virginia Giuffre. It’s so important not to forget.

  9. SarahCS says:

    Now THIS is a royal documentary I’d sit and watch.

  10. jferber says:

    Mummy will give it to him. Wait and see. Although even offshore stolen money is hard for them to cough up, apparently.

  11. Gabby says:

    I am curious as to why the creditor wants to stop the sale of the chalet rather than claim that share of the proceeds from the sale. Isn’t that what a lien does?