Royal News

Prince Andrew being sued for nearly £7m in dispute over Swiss chalet payments

The Duke of York is being sued for nearly £7million in a dispute over late payments on his lavish Swiss chalet.

Prince Andrew bought the seven-bedroom property in Verbier with his ex-wife Sarah Ferguson as a “family investment” in 2014.

They reportedly paid £16.5m and are understood to have arranged a mortgage to finance the deal.

Now they are locked in a legal battle with the property’s former owner, who is suing them for 8m Swiss francs.

The balance on the purchase was due by December 31 and the amount being claimed is said to be around £5m plus interest of £1.7m.

A spokesman for the Duke of York said tonight: “We can confirm there is a dispute between the two parties in this matter. The contractual details remain the subject of a confidentiality agreement.”

Swiss newspaper Le Temps also claimed the Duchess of York sent messages “promising payment”.

The vendor’s lawyers did not respond to a request for comment.

The Yorks were staying at the chalet in 2015 when claims emerged that Andrew had underage sex with a 17-year-old girl trafficked by paedophile financier Jeffrey Epstein.

The Duke denies any wrongdoing.

Around the same time it emerged Fergie was once given £15,000 by Epstein when she was in hardship.

The couple sold their former marital home, Sunninghill Park in Berkshire, for a £15m sum in 2007.

Billionaire Epstein was found dead in a New York jail cell in August while awaiting trial over further sex claims.

Andrew had to “step back” from royal duties in November after a disastrous BBC interview in which he failed to apologise to Epstein’s victims or for his association with him.

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