As always, Sarah Ferguson remains a financial catastrophe. I’ve lost count of how many millions of dollars she’s grifted and then blown through, how many times she’s “borrowed” money to pay off her debts, only for her debts to go unpaid, how many times she’s signed some big new deal which will finally get her out of debt, only for everything to crash and burn a year later. While Fergie has allegedly been more financially stable in recent years, that’s just a facade built on people not looking too closely at whatever she’s up to. She somehow managed to sign a big publishing contract for young-adult books and she somehow paid cash for a $5 million pair of London homes in a ritzy area. And yet… she’s still losing money and involved in financial chicanery.
Displaying her trademark lack of inhibition, she’s just announced the launch of a new podcast, ‘Tea Talks with the Duchess and Sarah’, promising that ‘no topic is off the table’ as she and co-host, entrepreneur Sarah Jane Thomson, discuss ‘the highs and lows of everyday life’ But will Sarah, Duchess of York tackle what appears to be a new ‘low’ in her inimitable business career?
The question is prompted by the latest twist in the saga of Gate Ventures, the theatre investment company of which Fergie was a director until shortly before it was forced into administration in 2020 after apparently losing £19million. Liquidators, attempting to claw back money for creditors, have just filed a Progress Report, recording that a ‘settlement offer’ for an outstanding loan has been rejected.
The loan – previously stated to be for £233,000 – was made to Ginger & Moss. As chance would have it, that’s a company which Fergie co-founded and of which she remains a director. She is also sole director and owner of yet another company, Solamoon Ltd, which is itself a co-owner of Ginger & Moss.
Fergie who, in her time, has flogged everything from food blenders to fountain pens, declines to comment, while the liquidators limit themselves to saying that ‘further discussions’ about the loan are ‘due’. A source close to Ginger & Moss holds out hope of a solution. ‘We have made repeated efforts to resolve this situation,’ he tells me, adding that he expects it to be ‘resolved in the coming weeks’.
It’s improbable that Gate’s shareholders are particularly optimistic about the outcome – or, indeed, about attempts to retrieve their money from other sources. Judge Sebastian Prentis put the company into administration three years ago after hearing that one of Gate’s past chairmen, Dr Johnny Hon, had invoiced the company for the ‘simply extraordinary sum’ of £4.7million – including £2.9million for meetings with ‘celebrities’.
I don’t really expect any follow-ups on this, do you? The British media has a code of omerta when it comes to the Yorks’ finances, especially Andrew and Fergie. We have no idea how much money Andrew has “borrowed” or received from his wealthy friends, same with Fergie. We also don’t know how much outstanding debt they have, although it does appear like they’ve at least hired some sleazy money people to shuffle things around to the point where Fergie’s finances are an impenetrably tangled web.
Photos courtesy of Avalon Red, Cover Images and Backgrid.
How does she still not know how to budget.
Also am surprised she’s doing a podcast and no royal outcry. They acted like Meghan personally spit on the Queen when her podcast was announced.
Because she doesn’t have to know. Somebody always bails her out. My question is why do people keep lending her money and/or investing in her. It’s pretty much a guaranteed loss and her royal connections aren’t worth anything anymore, if they ever were.
@Eurodice, probably because she knows where the skeletons are buried??
I’m actually kind of wondering if her shady connections are worth more than her royal connections by now. You know she and Paedo had to have done a sh-tton of networking with Epstein and Maxwell.
@Mary Pester – It’s weird about Fergie. She’s seems such a loose cannon, like a giant chaos monster – it’s hard for me to believe that she could keep her mouth shut all these years. If she really has been keeping major secrets for decades, then maybe she’s smarter than she seems to be,
While the Queen was alive, she got bailed out. I don’t think it has sunk in to her and Andrew that the Queen is not here anymore. I think the Queen helped bail her out to protect Andrew. Charles won’t do that. Even if Andrew threatens to spill the beans. Because it won’t be Charles coming after them. It will be the creditors.
You bring up a fascinating philosophical question, Robert Phillips (not really, but for the royals this is probably deep). Does Chuck care at all that his dead mother’s memory isn’t shattered? I honestly don’t know the answer.
Because Fergie hasn’t been a royal in decades plus the queen is dead. Mike Tindall has had one for years and he’s more in the royal circle at this point. But, honestly, this is one of Fergie’s lesser potential embarrassments so…..
Seems a 12 year old with a no limit credit card is a better risk.
The Middletons, Sarah Ferguson. These royal adjacents simply cannot handle money like normal people. They have unlimited access to it apparently and blow through it like water. It’s another reason to abolish the monarchy and all their hangers on.
Meh, even normal people are idiots with money, just not such massive sums. I could tell you stories about my mother dearest and her inability to mange her money ….
What ever happened to her lifestyle brand that hocked overpriced crap her “charitable” endeavors?
This woman is so for sale she should be listed on Zillow.
A company that she is the director of is trying to get back money that it loaned to another company that she is the director of that has been has forced into administration.
Meaning she is trying to get money out of her failed company before anyone else does.
Yes, Shady Sarah strikes again.
Ah, that’s what that all meant. I couldn’t figure it out, just that it all seemed very shady. On another note, that’s how to wear a pink suit! Kate take note.
I covet that pink coat.
Yet she had 5 million in cash to plunk down on some real estate! How ???
I think there was an article on this site about the daughters paying for the real estate with their inheritances from Prince Philip and QE2 and keeping it in their names so that Fergie wouldn’t be homeless in the event of another financial mess.
Well, the one man made off with 4.7, so who knows how much she made off with!
An investing scheme worthy of Enron. Create enough shell companies, and the merry-go-round of pretending to have money at the core goes on.
Sarah, failing upward and onward, ever protected by murkiness and lack of investigative vigor
Out of curiosity, is what Sarah is (visibly) doing the same as what the rest of them are doing? We know from Harry that the monarch holds the purse strings, right? Harry had difficulty purchasing sofas and suits. How exactly does anyone in that family make/ acquire money? Could Sarah (neutral observation, I am NOT defending her) who isn’t as attached to the Royal Bank of Charles be acting like the rest of them but getting caught doing so?
The BRF and the BM thought Meghan was like Fergie, abuse her and she will stick around and be glad for scraps from the table.
Meghan was like I’m out of this hell hole and Harry is coming with me, 3 years later and they still have not recovered.
Perhaps the Guardian will do a deep dive on Andrew and Sarah’s financial connections and who helps them continue their lifestyle.
I fully believe the British media has horked up this story, to detract from the fact that Pedo is never leaving Royal Lodge, and King Chuck isn’t going to make him, because people would notice he kicked his fully independent son out of his house he was paying for if Pedo puts up a fight.
This family is so gross. Enablers everywhere.