Prince Andrew's secret deal with Dutch firm raises eyebrows
Prince Andrew has signed a lucrative deal with a Dutch company that aims to resolve his financial and housing issues. The brother of King Charles III undertook this without the knowledge of Buckingham Palace, which has since distanced itself from his new venture. What is this venture about?
Prince Andrew is often referred to as the black sheep of the family by observers of the British royal family, a view shaped by his controversial past. The aristocrat faced accusations of sexual assault, leading to him being stripped of his royal titles.
He also stepped down from his role as a working member of the royal family, which has affected his finances. However, he has found a way to successfully navigate himself out of these difficulties. He signed a favourable contract with the Dutch company Startupbootcamp, which is associated with the Pitch@Palace initiative. What does this entail in practice?
Prince Andrew will earn millions of pounds as he receives a commission for each transaction carried out by his new employer leveraging connections with Pitch@Palace - an organisation that brings together entrepreneurs from 64 countries, connecting them and facilitating and expediting business deals.
It is a way of exploiting the enviable business links he has secured over the years — an informant told "The Sun".
The newspaper cited sources pointing to the displeasure among other members of the Windsor family because of this collaboration. The controversial prince allegedly signed the contract without consulting anyone.
Buckingham Palace officials have neither reviewed nor approved the details of any financial arrangements between the Duke or his advisers and any third party — it reads.
Will Prince Andrew stay at Royal Lodge? He secures funds at the last minute
The brother of King Charles III found partners at the last minute, driven by the deadline imposed by the monarch by which he needed to secure funds for the renovation of the deteriorating Royal Lodge.
Had he failed, under the decision of the 76-year-old, he would have been relocated to a smaller and less prestigious residence at Frogmore Cottage. Prince Andrew was openly unhappy with the uncertainty of the situation but now appears to have succeeded, most likely ensuring he will remain in his home.
The disgraced aristocrat's new financial partner, as reported by the "Daily Mail," is expected to not only provide him with a regular income but also to participate in the costly renovation of the residence.
