Duke of York’s Lucrative Venture Sparks Legal and Ethical Concerns
Prince Andrew’s latest financial deal has ignited controversy, with experts raising concerns over the legality and ethics of his involvement in a commercial agreement with Dutch firm Startupbootcamp (SBC).
The arrangement reportedly allows Andrew to profit from business contacts he established through his Pitch@Palace initiative, a move that could potentially earn him millions. However, critics argue that these connections were intended to support entrepreneurs, not serve as a personal revenue stream.
Royal author and former Home Office minister Norman Baker has condemned the deal, asserting that the data Andrew is leveraging does not belong to him personally.
“Prince Andrew has always looked out for himself rather than the institution he represents,” Baker stated, calling the Duke’s actions “questionable” and in need of greater accountability.
The deal was reportedly presented to Buckingham Palace officials last summer before being finalised. However, shortly afterward, King Charles withdrew Andrew’s £1 million annual allowance amid ongoing efforts to remove him from Royal Lodge.
Despite this, Andrew continues to reside at the Windsor estate, with Palace insiders confirming that assurances have been made regarding his financial arrangements.
As scrutiny over his business dealings intensifies, concerns mount over the potential reputational damage to the monarchy and whether Andrew’s financial manoeuvres will further strain royal relations.
