Deal to buy Prince Andrew's business unravels

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The deal to buy Prince Andrew's business network, Pitch@Palace, has fallen through. Dutch company Startupbootcamp (SBC) had been in talks to acquire the network, which could have provided Prince Andrew with a significant financial boost. However, despite initial announcements and discussions, no agreements were signed, and no transactions were made.

The Pitch@Palace network, established by Prince Andrew in 2014, was a platform for entrepreneurs to pitch their business ideas. It had garnered a substantial legacy of contacts and applications from thousands of companies worldwide. SBC had seen potential in this network and had planned to leverage it for mentoring and growing start-up businesses, particularly in the technology sector.

The negotiations had involved a strategic partnership with an investment company in Bahrain, Waterberg Stirling. However, sources close to SBC have indicated that they now want to sever ties with this investment firm. The deal's collapse comes at a time when Prince Andrew's finances are under intense scrutiny, especially after being cut off financially by King Charles. The prince faces significant expenses for security and the upkeep of his Royal Lodge mansion in Windsor.

Despite the promising prospects, the deal's unraveling leaves Prince Andrew without the anticipated financial lifeline, adding to the challenges he faces in maintaining his lifestyle and covering his expenses.

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