The Duke of York is raising funds to pay his legal bills over his legal battle with Virginia Giuffre. A source said the Queen would not assist Prince Andrew in paying the bills
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With legal bills mounting over his legal battle with Virginia Giuffre, Prince Andrew is in a race against time to raise funds to pay them.
And the Duke is now trying to force through the sale of his £17million Swiss chalet, as it emerged the Queen will not pay his spiralling costs.
Andrew could find out on Friday whether he will face a full civil trial in New York over allegations he sexually abused Ms Giuffre in 2001 on three occasions when she was just 17, claims he denies.
If it gets the go-ahead and he loses, his accuser could also be awarded a settlement which legal experts predict could be as much as £3million.
There is a possibility Andrew could make an 11th hour offer of a significant out of court settlement, but those with knowledge of the case have confirmed no discussions have taken place yet.
A source said: “It is crunch time for Andrew on several fronts.
“He is meeting all the costs himself so he needs to raise cash fast to pay bills which are increasing by the day.
“If there was the potential to settle, well, that is an option, but it is in no doubt that the Queen would not assist him in doing so.”
Senior royals including Prince Charles and Prince William were understood to be “absolutely furious” when they learned of suggestions that the monarch could be asked to settle Andrew’s bills.
A source said: “They are both of the opinion that Andrew can sort out his own mess.”
The Mirror can reveal the Queen “would not assist” in any further financial settlement to Ms Giuffre over the sex allegations.
Sources have revealed the Duke, who vehemently denies the claims, “wants to clear his name”, but realises a civil trial could cause catastrophic reputational damage to the monarchy.
One source close to the Duke said: ”No discussions have been had regarding a financial settlement. This is a US civil litigation, and given that the vast majority of US civil litigation is settled out of court, it would always remain an option on the table.”
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Ms Giuffre has consistently said she wants to face the Duke in court.
Andrew, 61, owns Chalet Helora in the ski resort of Verbier with ex-wife Sarah Ferguson. It is understood to be his only method of raising substantial amounts of cash.
The pair agreed last September to sell the seven-bedroom property to a wealthy European investor. They bought it from millionaire French socialite Isabelle de Rouvre in 2014 for £16.6m.
But the deal has not been completed. Sources close to the Duke suggest he wants to push the sale through “urgently”.
Andrew and Fergie still owe £6.6million from the original purchase. Ms de Rouvre last year threatened to take them to court in Switzerland after they missed a payment date in December 2019.
The Yorks later agreed to pay the cash once they complete the sale of the property. As Andrew prepares to hear his fate Fergie, 62, and their children are this week enjoying “a final family holiday” at the chalet.
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She was joined by daughters Beatrice, 33, and Eugenie, 31, and their families. One royal insider said: “It’s a stressful time for Andrew, so Sarah and the girls thought it would be best to be out of the way. They also know this will be the last time they get to enjoy the chalet so are making the most of it.”
New York district judge Lewis Kaplan on Monday unsealed a 2009 deal 2009 between Ms Giuffre and paedophile Jeffrey Epstein, who trafficked her to pals for sex.
It revealed the late financier had given her £370,000 to stop her suing any future “potential defendants” linked to Epstein.
Andrew’s lawyers claims he falls into that category and the case should be thrown out.