Andrew pays off a large debt as he prepares for a possible legal battle with Virginia Roberts.
After purchasing a Swiss ski chalet from a French socialite in 2014, Prince Andrew has finally paid off his £6.6 million debt to her.
The decision comes as the Duke of York is being sued for sex assault by Virginia Giuffre, an accuser of Harvey Weinstein.
The previous owner of the chalet, Isabelle de Rouvre, a 74-year-old French socialite, has launched a legal battle to reclaim her money from the Duke of York.
“The war is over,” Ms de Rouvre said, announcing the conclusion of the legal battle.
“He has made the payment.”
Ms de Rouvre confirmed that Prince Andrew has paid off a £6.6 million debt, allowing him to sell his prized ski chalet.
Chalet Helora was the name of the property in question.
The property is in Verbier, a prestigious Swiss ski resort.
In 2014, she rented it for £18 million to her then-friends Prince Andrew and his ex-wife Sarah Ferguson.
Ms de Rouvre and Prince Andrew and his wife Sarah Ferguson agreed to pay for the house in installments.
Ms de Rouvre, on the other hand, claimed that Prince Andrew and Sarah Ferguson had failed to pay the property’s final instalment of £5 million.
Ms. de Rouvre agreed that it could be postponed until December 2019, but that interest would be charged.
Despite repeated demands, Ms de Rouvre claimed that Prince Andrew and Sarah Ferguson had not honored the agreement.
Ms de Rouvre then filed a lawsuit in Swiss courts two years ago to recover the money owed to her by the Duke of York.
If the Duke decides to sell the chalet, he could use the proceeds to hire a legal team to defend him against allegations that he sexually assaulted Virginia Giuffre.
Virginia Giuffre has leveled accusations against Prince Andrew, which he has categorically denied.
“I sold it two months ago, or was it one?” Ms de Rouvre told the Daily Mail.
“It was probably six weeks ago.”
“Anyway, I sold it to the Yorks, and we worked out a deal.”
Thankfully, the story comes to a close.
“The war is over.
“Right now, I have nothing to do with it.”
That is all there is to it.
“I’m not sure what they’re doing right now.”
I only know they were here for Christmas.
“Brinkwire News in Condensed Form.”