Are Prince Andrew and Sarah Ferguson Financial Deadbeats?

The last thing that beleaguered Prince Andrew needed was more bad publicity, but that’s exactly what’s happened. And yes, there is such a thing as bad publicity when, like Andrew, the source of it is a friendship with a dead convicted pedophile, unanswered questions about your own behavior, and now, allegations of being a financial deadbeat.

Andrew, as well as his wife Sarah Ferguson, the Duchess of York, are now looking at the prospect of being sued for failing to make payments on a luxury chalet.

Did Andrew and wife Sarah fail to pay for a luxe chalet?

In 2014 the couple reportedly bought shares in a property in the Swiss ski resort of Verbier. Yes, like a timeshare, but a really high-end timeshare with a price of around £13 million.

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The newspaper Le Temps has seen the sale deeds which have around £5 million due. Apparently the Yorks own a piece of the property, and the original owner also has a share in the property. He reportedly is tired of waiting for the Yorks to pay up and has begun court proceedings in order to make them pay what they owe.

Do the Yorks need to pay their bills like everybody else?

Allegedly Sarah and Andrew did not make a required payment at the end of last year.

What do the Yorks have to say for themselves? A source close to the couple apparently speaks for them, saying that the original owners, “have really gone for the jugular and want their money.” Well, that’s one way to spin it.

If the Yorks owe money, why don’t they pay it back?

A second source said that Andrew plans to sell the swanky timeshare and the proceeds would take care of their debt. The owner, the one who wants his money, has apparently been told of Andrew’s intention but decided not to wait for the day Andrew made good on his intention.

According to the source, the owner going to court to get the money he is owed has caused, “some bafflement.”

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Did Sarah promise they would pay what they owe?

Additionally, Le Temps said that Sarah “promised” the money would be paid back.

Let’s clear up any bafflement right now: promises and intentions are not legal tender and someone who is owed millions of dollars has the right to sue to get it if the debtors refuse to pay their bills. Period. End of story.

When the Daily Mail in 2015 reported that the couple bought the chalet, questions were immediately raised as to how they could afford it. Those answers appear now to be answered: they can’t.

Just recently Sarah paid off £5 million in business investment debts and it’s understood that Andrew does not have substantial private wealth.