Prince Andrew’s $22M Swiss chalet sale frozen over $2M debt

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Prince Andrew's $22M Swiss chalet sale frozen over $2M debt

The sale of Prince Andrew’s posh $22 million chalet in Switzerland has stalled because of the royal’s mounting debt, estimated at nearly $2 million, according to local reports.

The Duke of York was ordered to pay up and hand over the large sum of cash to a Swiss couple who froze the sale of his Verbier property, local newspaper Le Temps reports.

The scandal-scarred UK royal and his ex-wife Sarah Ferguson, the Duchess of York, signed on the dotted line for the seven-bedroom chalet in 2014.

Le Temps reported that the couple, who had business dealings with Andrew, sought the hefty sum from the duke after he agreed to an out-of-court settlement in a recent sex abuse case.

After being embroiled in the scandal with accuser Virginia Giuffre, who alleged the duke sexually assaulted her when she was a minor, Andrew in February decided to settle.

He admitted no wrongdoing but wrote in a letter that he regretted his association with Jeffrey Epstein, whom Giuffre claims trafficked her to the royal and other rich and powerful men.

As a result, Andrew handed over an estimated $12 million to Giuffre, which he reportedly borrowed from his older brother, Prince Charles.

In a desperate bid to pay the future King back, Andrew decided to sell the Swiss chalet, named Henora.

Prince Andrew reportedly paid accuser Virginia Giuffre $12 million, which he allegedly borrowed from his brother Prince Charles.
Prince Andrew reportedly paid accuser Virginia Giuffre $12 million, which he allegedly borrowed from his brother Prince Charles.
REUTERS

But the royal’s spiraling debt has blocked the sale as the chalet — which was put up for sale last year by the Duke — has now been placed “under sequestration” until he pays up.

Andrew is disputing the amount he owes the unnamed Swiss couple he had had a business relationship with, but does not deny there is unpaid debt involved, The Telegraph reports.

The chalet’s former owner, Isabelle de Rouvre, sold it to Andrew and Sarah in 2014 before suing them last year. She accused them of missing the final payment of $9 million.

The socialite said she finally recovered the cash after a long and tedious legal process.

She told The Telegraph she was “fed up with the whole thing,” adding that she feels bad for the Swiss couple involved in legal drama with Andrew.

“It is really rather unbelievable. He caused me such stress and now it is claimed other people are owed money too,” she told the outlet.

“He is an absolute fool and I just cannot understand how he goes about his life.”

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

Locals from the area have shared their thoughts on the legal drama, telling the Daily Mail that removal vans were spotted outside the chalet this week.

“It’s the talk of the place – everyone knew it had been sold and now the removal van has turned up,” a local resident told the outlet.

“I’ve seen some guys shifting boxes and bits of furniture and they have been there all day and they don’t look as if they have finished – it’s a huge van so I imagine they will be clearing the chalet completely,” they added.

Buckingham Palace did not immediately respond to The Post’s request for comment.

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