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Sell Out Prince Andrew to sell £18M chalet to fund sexual assault case expenses

The property, which is located in world class Swiss ski resort Verbier, is co-owned by the Duke of York and his ex-wife Sarah Ferguson

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Britain's Prince Andrew. Photo: Neil Hall

Britain's Prince Andrew. Photo: Neil Hall

Britain's Prince Andrew. Photo: Neil Hall

Prince Andrew is reportedly selling his beloved ski chalet ahead of his civil sexual assault trial set to take place in the US later this year.

It has been suggested that Prince Andrew may avoid trial by using the proceeds from the sale to pay off Virginia Robert Giuffre for £10 million, according to The Sun.

The money would be used to settle with Ms Giuffre without admission of liability to her claims that she was forced to have sex with him on three occasions when she was 17 years old.

The encounters were allegedly organised by deceased child sex trafficker Jeffrey Epstein. Prince Andrew has repeatedly denied these claims.

The property, which is located in world class Swiss ski resort Verbier, is co-owned by the Duke of York and his ex-wife Sarah Ferguson.

The couple purchased the chalet, named Chalet Helora, from French socialite and then-friend Isabelle de Rouve in 2014 for £18 million (approximately €21,500). It is understood that the property would be paid for in instalments.

However, in 2020, Ms de Rouve filed a lawsuit claiming that the royal pair had skipped out on their final instalment of £5 million.

The outstanding amount plus interest was reportedly settled this week, clearing way for the chalet to be sold, with speculation that the funds may cover the prince’s legal costs.

Lawyer Mark Stephens said that it appears the Duke has “no good options” ahead of the trial, adding: “Essentially, I think he's either going to have to engage in the trial process or he's going to have to settle and that may well be his least worst option.

“There is a need to limit the damage. Andrew, I suspect will be stripped of his royal titles. A settlement of five or ten million is a good bet but Ms Giuffre may want her day in court.”

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