Prince Charles Hands Andrew Hefty Sum to Settle Accuser before Time Runs Out
Reports recently emerged that Prince Charles will be bankrolling his broke brother Andrew’s settlement fee. The Queen will be chipping in with a few millions, but it is understood that no public money will be used to fund the settlement.
The Duke of Cornwall to Pay Millions to Fund Brother Andrew’s Sexual Assault Settlement
The Duke of York is currently in a tight spot as time runs out on him, but luckily he’s got a big brother and mother to bail him out. Earlier last month, news emerged that Andrew has opted to settle Giuffre’s sexual assault lawsuit out of court for an undisclosed amount of money, later reported to be around £7 million.
In the statement, Andrew hailed Giuffre’s bravery in standing up to him, with the deal making it clear that he is not to aid in destroying Virginia Giuffre’s reputation in the future.
Ten days are left to the Duke of York, who is no longer receiving his annual £249,000 handout from the Sovereign Grant, or his £20,000 a year pension from the Navy. Virginia’s legal team has made it clear that he should not default the March 17 deadline set for the receipt of the payment.
Due to the urgency of the situation, the Queen and Prince Charles are lending him millions for him to meet the payment deadline. He will, however, repay the money to his brother and mother once he gets the cash from his £17 million sale of his ski chalet in Verbier, Switzerland, which could take two more months.
Failure to repay the money will cost him his share of money from the Queen’s will. Her Majesty also helped fund his legal battle, which is said to be in the millions as well.
Source Says Royals Discussed Andrew’s Settlement Payment Together
The Sun reported that Prince Charles was the one who advised Andrew to settle out of court, fearing a repeat of his mocked Newsnight interview in 2019. But the rest of the family came together to figure out how the payment is to be met.
Speaking on the decision to loan Andrew the money, a source said: “There were family discussions about how to ‘take a little from here and a little from there’.
“Once it (money from the chalet) hits his bank account, he can pay back his brother and whoever else has lent him money.
“But that payment (to Virginia) has to be paid on time. He can’t rely on selling the chalet. Too many things can go wrong and the court won’t wait for property queries.”
A friend of Andrew added: “He has no income or money to repay a bank loan so the family is the only way to guarantee the payment.”
Andrew, who lives with his ex-wife Sarah Ferguson at the 31-room Royal Lodge at Windsor, will pay Ms. Giuffre, 38, a sum believed to be around £7 million, along with making a donation to her preferred charity.
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