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Duke of York ‘finds funds to stay at Royal Lodge’
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Duke of York ‘finds funds to stay at Royal Lodge’

He duke of york has raised the funds to stay at Royal Lodge, it was reported.

Prince Andrew’s money has been approved by Sir Michael Stevens, the keeper of the private treasury, as coming from legitimate sources, according to The Times.

The duke, 64, has faced pressure from the king to leave the £30million property in Windsor and move to Frogmore Cottage, the former home of the Duke and Duchess of Sussex.

The King fired his younger brother’s 10-member private security teamforcing the duke to find millions of pounds to fund future security operations if he wanted to avoid the eviction.

By insisting that he pay for his own safety, the courtiers at Buckingham Palace believed they could force the duke to move to the much smaller Frogmore Cottage.

However, the duke is now said to have convinced palace authorities that he has sufficient funds from legitimate sources to support himself. It is not clear where the funds come from or how much the duke has raised.

Allocation cut

It comes just a month after the King reportedly cut the Duke’s “£1 million a year” allowance.

In an updated biography of the monarch, author Robert Hardman revealed that King Charles had ordered Sir Michael to “cut off” his brother’s subsistence allowance.

The new chapters of Carlos III: New King. New Court. The Inside Story, serialized in the Daily Mail, includes a palace expert confirming that “the duke is no longer a financial burden to the king.”

The duke’s annual allowance, believed to be in excess of £1 million, was supposedly cut by the monarchas are all the payments for his seven-figure private security team.

The Telegraph revealed in January that the King was set to withdraw private funding from the security operation in what has become an increasingly bitter stand-off over the future of the Royal Lodge.

However, at the time, it is understood that the duke did not believe his older brother was so cruel.

His determination to remain in the house, which he also shares with his ex-wife, Sarah, Duchess of York, has proven to be a growing bone of contention.

Having been stripped of his patronages and duties as a working member of the royal family, he is considered too large an estate for anyone worthy of his new status.

“Cold and uncomfortable”

In May, a palace source warned: “As things stand, life at Royal Lodge will become increasingly cold and uncomfortable for the Duke.”

Weeks later, a source said the move could be done “with grace and dignity or it could be imposed.”

The duke is said to be determined to bequeath the lease of the Royal Lodge to his daughtersPrincess Beatrice and Princess Eugenie.

The duke’s lease gives him the right to live in the Grade II listed property until 2078. But the contract includes a clause that he must maintain it to an appropriate standard.

The terms of the 75-year lease with the Crown Estate, which was signed in 2003, require the Duke to repaint the house every five years and also to “repair, renovate, maintain, clean and keep in repair and, where necessary necessary, rebuild.” the property.

The disgraced duke stepped down from royal duties in 2019 following a disastrous interview on Newsnight in which he expressed no regrets about his former friendship with the late Jeffrey Epstein, the American financier and convicted sex offender.

He later paid several million pounds to settle a civil case brought against him by Virginia Giuffre, one of Epstein’s victims, who claimed he had abused her, although she did not admit liability.

The duke has consistently denied all allegations, but the king has remained adamant that he will not be allowed to resume any of his public roles.

Prince Andrew’s own finances have long remained opaque, apparently structured around a series of secret businesses.

Buckingham Palace declined to comment.