As legal bills mount, Prince Andrew attempts to sell his £17 million chalet.
Prince Andrew is said to be attempting to force the sale of his £17 million Swiss chalet after it was revealed that the Queen will not pay his legal fees.
In case he has to pay a multi-million pound settlement to his sex abuse accuser, the Duke of York is attempting to hasten the sale of the property.
Virginia Giuffre is suing Andrew in the United States, alleging that he sexually assaulted her when she was 17 years old.
These allegations have been consistently refuted by the prince.
Judge Lewis Kaplan is expected to announce today whether Andrew will face a full civil trial in New York.
According to sources, the Duke recognizes that a trial would be disastrous for the monarchy’s reputation.
If Andrew’s case goes to trial and he loses, Ms.
Giuffre could receive up to £3 million in damages.
The Queen stated that she “would not assist” Ms Giuffre in any financial settlement.
Senior royals, including Prince Charles and Prince William, were said to be “furious” at the suggestion that Andrew’s legal bills be paid by Her Majesty.
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“They are both of the opinion Andrew can sort out his own mess,” a source said.
Andrew Ferguson, 61, and his ex-wife Sarah Ferguson, 62, paid £16.6 million for the seven-bedroom Chalet Helora in 2014.
It’s located in the opulent Swiss resort of Verbier and is thought to be his only means of raising large sums of money.
In September, the pair agreed to sell it to a European investor.
However, despite the Duke’s “urgent” attempts to complete the deal, it has yet to be completed.
The Duke is determined to “clear his name,” and he has promised to pay lawyers’ fees once the property is sold and his case is resolved.
Those familiar with the case say an 11th-hour out-of-court settlement could be an option, though no talks about it “have been had.”
“On several fronts, Andrew is in a tight spot,” a source said.
He is covering all of his expenses, so he needs to raise cash quickly to pay bills that are piling up by the day.
“If there was a chance to settle, that would be an option to consider.”
But there’s no doubt that the Queen would refuse to help him.”