Prince Andrew fears ‘complete financial ruin’ in his civil sex abuse case as legal bills mount and a potential £10m settlement with accuser Virginia Giuffre hangs over him
- The Duke of York’s attorneys’ fees are currently at least £2 million as costs continue to mount.
- The disgraced duke was stripped of his military titles and patronage on Thursday
- Andrew is in talks with his lawyers in the UK and US ahead of a deadline
Prince Andrew She fears ‘complete financial ruin’ as costs rise amid her ongoing civil sex abuse case.
The Duke of York’s lawyers’ fees are currently at least £2 million and legal experts believe he may have to pay £10 million to his accuser Virginia Giuffre To prevent a case from coming to court
The disgraced Duke was stripped of his military titles and remaining royal patronage after a 30-minute audience. Queen on Thursday.
Today Andrew is in talks with his lawyers in the UK and US as Ms Giuffre’s team responds to a 6 pm deadline regarding their living arrangements, according to Mirror,
Andrew’s team is believed to be arguing that the case cannot go to US federal court because Ms Giuffre, 38, has been living in Australia since 2002.
Ms Giuffre has claimed that Andrew had sex with her on three occasions when she was just 17.
The Duke of York’s attorneys’ fees are currently at least £2 million and legal experts believe he may have to pay £10 million to his accuser Virginia Giuffre, to stop the case coming to court. Is.
Andrew, who denies the allegations, has complained to friends about the financial implications of the case, saying he fears bankruptcy.
A royal source said: ‘Recently it appears that the sheer enormity of the matter and the consequences that lie ahead have not impressed him (Andrew).
‘Now the bills are rising and the possibility of a settlement, or worse, a verdict against him, is being widely discussed; He is completely afraid of financial ruin.
‘There’s a very real possibility of them going completely broke.’
A spokesman for the Duke of York would not comment when contacted by MailOnline.
It is understood that the Queen would not ‘help’ her son to pay a settlement as it could damage the prestige of the Crown.
After the Queen exiled him from royal life, Andrew was left to fight charges as a ‘private citizen’.
A source said senior royals have said Andrew has “run out of road” following a New York judge’s ruling that rejected the Duke’s latest attempt to block a full civil trial.
It is understood that the Queen would not ‘help’ her son to pay a settlement as it could damage the prestige of the Crown. Prince Andrew with Virginia Giuffre in London in the picture, 2001
Andrew, who denies the allegations, has complained to friends about the financial implications of the case, saying he feared bankruptcy.
Amidst mounting debt, Prince Andrew is now rushing to sell the Swiss chalet worth £17 million. He still pays £6 million to a French socialite that he bought from an Alpine mansion in 2014.
Sources close to the Duke said he would “continue to fight to clear his name”.
Meanwhile, it is learned Andrew had just been given two hours’ notice to attend a one-on-one meeting with the Queen on Thursday afternoon – with the Duke “absolutely aware of what was coming”.
It has also been confirmed that Andrew will not lose his security details, following speculation about how he will fund the £300,000-a-year team.
It has been suggested that the Queen will personally bear the cost if necessary.