the Duke of York has a debt of 6.6 million
Isabelle de Rouvre, 74, who sold the property to Prinz Andrew and Sarah, Duchess of York, said in 2014 for a reported £ 18 million: “The war is over. He paid the money. “
Andrew and his ex-wife had agreed with Rouvre that the Chalet Helora in the Verbier ski area in the Swiss Alps would be paid for in installments. However, Rouvre claimed the two failed to pay the final installment of £ 5 million.
Rouvre initially agreed that the final installment could be deferred until December 2019 with interest accruing, but the Yorks still failed to honor the deal despite repeated demands, it said.
Rouvre took legal action in Switzerland in May 2020 to reclaim the £ 5 million plus interest owed to her. Andrew is said to have finally paid at the end of last year.
In conversation with MailOnline, Rouvre said she sold the house to the Yorks about two months ago.
“Fortunately, that’s the end of the story,” she said announced the website. “The war is over. It’s the end of the line. I have nothing to do with it now. That’s all.”
She added, “About six weeks ago the matter was closed. It was November. The second payment had to be made and that payment has now been made. That’s it. You can be sure that it is. It is finished.”
A source close to Andrew said, “I can confirm the legal process has been suspended and the chalet is being sold – but no other comment on private financial matters.”
The prince is now selling the property as he faces Giuffre’s lawsuit alleging she was forced to have sex with the king three times after being traded by pedophile financier Jeffrey Epstein. Andrew denies the allegations.
His ex-wife and the couple’s daughters, Princess Beatrice and Princess Eugenie, stayed at the chalet over the New Year holidays. As a family, the Yorks had rented the seven-bedroom chalet with an indoor pool for the winter vacation before deciding to buy it as a nest egg for their daughters.
Until the debt was paid, Andrew could not sell it. It assumes that a buyer has been found and the sale is ongoing but not yet completed.