Prince Andrew’s £18m chalet explodes as ski resort assets ‘frozen over £1.6m in debt’ – World News

According to a Swiss newspaper, Prince Andrew and his ex-wife Sarah Ferguson entered into a business deal with an unnamed couple and the ski chalet has been frozen after allegedly being £1.6million in debt

Prince Andrew has been spotted in Windsor after missing the Platinum Jubilee celebrations due to Covid
Prince Andrew has been spotted in Windsor after missing the Platinum Jubilee celebrations due to Covid

Prince Andrew’s desperate attempt to sell his £18million ski chalet now looks ‘impossible’ after it was frozen as an asset by Swiss authorities, it has been claimed.

Sources in Verbier, where he and ex-wife Sarah Ferguson own the seven-bedroom property, say the chalet has been “seized” over alleged £1.6million debts.

According to Le Temps, a Swiss newspaper, Andrew and Fergie entered into a business arrangement with an unnamed couple at the resort and the reported debt of £1.6million led to the confiscation of the property called Henora.

In February, it emerged that Andrew had found a buyer for the chalet and intended to use the proceeds to pay off his sex accuser, Virginia Giuffre. He didn’t accept any liability when he made the settlement.







Prince Andrew’s ski chalet in Switzerland
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Picture:

daily mirror)

But the confiscation jeopardizes the sale of the chalet with indoor pool and sauna.

Geneva law professor Nicolas Jeandin told Le Temps: “A sale is basically impossible, except with the consent of the creditor.”

Andrew is understood to deny he owes the full £1.6million but he is not denying any unpaid debts.







Prince Andrew with ex-wife Sarah Ferguson
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Picture:

(Getty Images)

A source close to the Duke said: “Discussions are ongoing to resolve the matter. It in no way precludes the sale of the chalet which is ongoing.”

Moving vans from London company Abels arrived this week, but sources said the buyer had become uneasy.

One warned: “The whole deal could collapse at any moment.” Andrew agreed to pay Ms Giuffre, who has accused him of sexually assaulting her when she was the sex slave of his pedophile pal Jeffrey Epstein, £12million. He vehemently denies the allegations.

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https://www.mirror.co.uk/news/world-news/prince-andrews-18million-chalet-blow-27193922 Prince Andrew's £18m chalet explodes as ski resort assets 'frozen over £1.6m in debt' - World News

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