No details have been disclosed with regard to the settlement made to Ms Giuffre or the costs, but there has been speculation the Duke of York has agreed to pay an eight-figure sum. The Telegraph claims the total amount going to Ms Guiffre and her charity exceeds £12 million.
It reports that negotiations over the settlement lasted for at least 10 days with the Duke’s legal team changing tack when the date for his deposition, which would have seen him questioned under oath by Ms Guiffre’s lawyers, was set for March 10.
Buckingham Palace announced last month that the Duke would be defending the case as a private citizen, but commentators have claimed that would not stop him having been helped with money from the Queen’s private wealth.
Andrew receives a Royal Navy pension and the Monarch is also thought to fund her son from her £21.7-million-a-year Duchy of Lancaster income.
The figure she gives her second son is kept private.
David McClure, author of Royal Privilege: The Queen’s True Worth, said a settlement could be in the order of several million dollars.
He told the PA news agency: “That raises the question: ‘Does he have the money?'”
There were reports Andrew was trying to sell a chalet in the Swiss resort of Verbier which he bought for a reported £13 million in 2014 with his ex-wife, Sarah, Duchess of York.
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