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Prince Andrew has been called an “absolute fool” as the “sale of a £17m chalet is frozen until he pays £1.6m in a new debt fight”.

PRINCE Andrew has been called an “absolute fool” after he was reportedly embroiled in another £1.6million debt battle.

The Duke of York is said to owe the “business debt” to a Swiss couple who have reportedly frozen the sale of their £17million ski chalet in Verbier until he pays off.

The sale of Prince Andrew's chalet has reportedly been frozen until he settles an outstanding debt

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The sale of Prince Andrew’s chalet has reportedly been frozen until he settles an outstanding debtPhoto credit: AFP
The Duke of York and his family often vacationed at the Verbier estate

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The Duke of York and his family often vacationed at the Verbier estateCredit: EPA

Isabelle de Rouvre, who sold the chalet to Andrew and Sarah, Duchess of York in 2014 before later suing them over £6.7million in debt, said she felt sorry for the Swiss couple involved.

She also told The Telegraph she was “fed up with the whole thing”, adding: “He’s a complete jerk and I just can’t understand how he’s living his life.

“Really it is a tragedy and so bad for the Queen. I don’t know how she handles it.”

Andrew is said to be disputing the amount he owes the Swiss couple, although he does not dispute the unpaid debt.

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A source close to the Duke told The Telegraph: “Discussions are ongoing to resolve the matter.

“It in no way precludes the sale of the chalet which is underway.”

When he first bought the chalet, Andrew agreed to pay his celebrity girlfriend Isabelle for the house in installments, but Ms de Rouvre claims the Yorks were unable to meet a repayment deadline.

They were sued for £6.6million including interest in 2020 but the matter was settled when the Duke paid off his debt last year, it was reported in January.

Isabelle told The Telegraph: “I’m lucky that an agreement has been reached and the matter is settled for me. I’m fed up with it all.”

Moving vans arrived earlier this week to vacate the controversial £17million Swiss property.

Photos showed a large, distinctive blue van belonging to London-based company Abels parked outside the Verbier property this week, MailOnline reports.

And locals said boxes were packed and brought into the vehicle from inside when the property appeared to be “cleared”.

Chalet Helora – which has an indoor pool and sauna – had been on the market for 22million Swiss francs (£17.6million).

Andrew is believed to have flogged it to settle his multi-million dollar settlement with sex accuser Virginia Giuffre.

She claimed she was trafficked into having sex with notorious paedos Jeffrey Epstein and Ghislaine Maxwell when she was just 17.

And though he optimistically vowed to take his case to court, Andrew agreed to quietly settle the lawsuit in February.

Questions arose about how he would pay for the settlement – which has been estimated at up to £12million.

Andrew is said to have taken out a loan from his older brother Prince Charles to cover most of his expenses.

And it’s believed much of the money for the Prince of Wales’ repayment will come from the sale of the Duke of York’s holiday home.

“Everyone is talking about it – everyone knew it was being sold and now the moving truck has turned up,” said a local resident.

“We used to always see the Duke and his wife here, but in recent years it has been Sarah with the children – I know they both loved the place and spent many wonderful years here.

“Sarah was last here with her family for New Year’s Eve and they watched the fireworks from the balcony – I really think they sold it with a heavy heart as Sarah used to ski here when she was young. ”

Pictures from inside the lodge reveal that it has a pool and spacious living areas – once hailed as one of the ‘best properties in Verbier’.

Known for his expensive tastes, Andrew often lives the big life and raises questions about his finances.

The lodge was put up for sale by the Duke last year.

In January it was reported that a buyer had been found for the seven-bedroom chalet.

The Sun Online has reached out to the Duke of York’s representatives for comment.

Prince Andrew is understood to be using part of the proceeds from the sale to cover cash payments to Virginia Giuffre

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Prince Andrew is understood to be using part of the proceeds from the sale to cover cash payments to Virginia GiuffrePhoto credit: AFP
Images show the interior of the lavish estate frequented by the Duke

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Images show the interior of the lavish estate frequented by the Duke
It has been hailed as one of the'best properties' in Verbier

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It has been hailed as one of the ‘best properties’ in Verbier
Prince Andrew's chalet has its own pool

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Prince Andrew’s chalet has its own pool
The lavish property had been at the center of a lawsuit

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The lavish property had been at the center of a lawsuit
Moving trucks are said to have cleared the property this week

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Moving trucks are said to have cleared the property this week
Prince Andrew, Sarah Ferguson, Princess Beatrice and Princess Eugenie on a skiing holiday in 2001

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Prince Andrew, Sarah Ferguson, Princess Beatrice and Princess Eugenie on a skiing holiday in 2001Photo credit: Getty – Contributor

https://www.the-sun.com/news/5539379/prince-andrew-swiss-chalet-sale-frozen-debt/ Prince Andrew has been called an “absolute fool” as the “sale of a £17m chalet is frozen until he pays £1.6m in a new debt fight”.

DevanCole

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