Breaking: Prince Andrew forking out for cut-price security at Royal Lodge despite bid to push him out….. Read More

Prince Andrew forking out for cut-price security at Royal Lodge despite bid to push him out

Prince Andrew has reportedly negotiated a cut-price deal as he pays for his own security as his Windsor home after King Charles decided to stop paying the bill for him

Prince Andrew is personally paying for guards at his Windsor home after the King decided to stop paying the £3million-a-year security bill.

A new autobiography recently claimed King Charles had cut financial ties with Andrew, which included paying for guards at his 30-room Royal Lodge in Windsor. But now the disgraced Duke of York, 64, has reportedly personally agreed a cheaper security firm for the leased property which he refuses to leave.

Andrew, who doesn’t work but has links to oligarch, is thought to have financed the deal using Middle East money. His daughters Princess Beatrice and Eugenie have previously spoken at conferences in Saudi Arabia and Abu Dhabi.

A source told The Sun: “He has his security but at a cheaper rate and he is managing to finance it himself. He has dug his heels in and is refusing to move so found a way to finance his security. How sustainable in the long term, then who knows how long he can do it for.”

Prince Andrew is likely to have many forms of income,” explained author Andrew Lownie, who is writing a book on the prince. The disgraced Duke of York sold his Sunninghill Park home in Berkshire in 2007 for £15million, £3 million over the asking price.

It’s also believed that he built a network of business links in Asia and the Middle East during his time as UK Special Representative for International Trade and Investment, a role he held for 10 years until 2011. While working in the government position, he was given use foa £1 million home in Abu Dhabi by their Royal Family.

In December 2017, it was reported by Bloomberg News that Andrew took out a £1.5 million personal loan with Luxembough-based private bank Bank Havilland. Just 11 days later, it was paid off.