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£13 Million Timeshare.
The couple bought shares in the property in the Swiss ski resort of Verbier in 2014 for about £13 million.
Prince Andrew and Sarah Ferguson are sued over £6.7m unpaid bill that is four months overdue on their £13m skiing chalet in the Swiss resort of Verbier
Prince Andrew was mired in more legal woes last night as he and the Duchess of York face being sued for millions over claims they have missed payments on their luxury chalet. The couple bought shares in the property in the Swiss ski resort of Verbier in 2014 for about £13 million.
But it is alleged they missed a deadline on December 31 by which another chunk of that sum was supposed to be paid. In the deeds of sale, seen by the French-language newspaper Le Temps, about £5 million had been due. That figure is now £6.7 million with interest. It understood the Yorks do not own the property outright, but simply bought a share of it.
https://www.msn.com/en-gb/news/royal-family/prince-andrew-and-sarah-ferguson-are-sued-over-£67m-unpaid-bill-that-is-four-months-overdue-on-their-£13m-skiing-chalet-in-the-swiss-resort-of-verbier/ar-BB13KRun?ocid=spartandhp
Prince Andrew and Sarah Ferguson are sued over £6.7m unpaid bill that is four months overdue on their £13m skiing chalet in the Swiss resort of Verbier
Prince Andrew was mired in more legal woes last night as he and the Duchess of York face being sued for millions over claims they have missed payments on their luxury chalet. The couple bought shares in the property in the Swiss ski resort of Verbier in 2014 for about £13 million.
But it is alleged they missed a deadline on December 31 by which another chunk of that sum was supposed to be paid. In the deeds of sale, seen by the French-language newspaper Le Temps, about £5 million had been due. That figure is now £6.7 million with interest. It understood the Yorks do not own the property outright, but simply bought a share of it.
https://www.msn.com/en-gb/news/royal-family/prince-andrew-and-sarah-ferguson-are-sued-over-£67m-unpaid-bill-that-is-four-months-overdue-on-their-£13m-skiing-chalet-in-the-swiss-resort-of-verbier/ar-BB13KRun?ocid=spartandhp