Duke of York ‘strikes deal to make money off Pitch@Palace contacts’

[Pelican Press 0]

This is the hidden content, please

• Sign In
• or
• Sign Up

Duke of York ‘strikes deal to make money off Pitch@Palace contacts’

The

This is the hidden content, please

• Sign In
• or
• Sign Up

has reportedly struck a deal to earn money by sharing contacts he made through his

This is the hidden content, please

• Sign In
• or
• Sign Up

.

Prince Andrew could earn millions under the deal with Startupbootcamp (SBC), based in the Netherlands, from the project which aimed to connect entrepreneurs with investors.

Pitch@Palace has faced

This is the hidden content, please

• Sign In
• or
• Sign Up

, an alleged spy who headed the ******** branch of the project, was banned from the *** last year on national security grounds.

Under the apparent new agreement, the Duke will be paid for each deal SBC agrees in worldwide territories.

It comes amid

This is the hidden content, please

• Sign In
• or
• Sign Up

between the King and the Prince, 64, after the monarch cut his private security and £1 million allowance in October.

The King wants Andrew to move into Frogmore Cottage, the Duke of Sussex’s former residence, it is alleged

The move is believed to be the first step by the King to

This is the hidden content, please

• Sign In
• or
• Sign Up

, a 30-room property in Windsor thought to be worth £30 million which he is struggling to maintain, and into

This is the hidden content, please

• Sign In
• or
• Sign Up

, the Duke of Sussex’s former residence.

Officials from SBC reportedly pitched the idea to Buckingham Palace last year.

A source told

This is the hidden content, please

• Sign In
• or
• Sign Up

: “[Prince Andrew] will earn money from each deal SBC secures from his Pitch@Palace work and the windfall will help enable him to hold on to Royal Lodge.

“It is a way of exploiting the enviable business links he has secured over the years.”

A palace source told the newspaper that its officials had “neither reviewed nor approved the details of any financial arrangements between the Duke or his advisers and any third party”.

The Prince has been struggling financially since he was

This is the hidden content, please

• Sign In
• or
• Sign Up

by the late Queen three years ago.

He has also faced scrutiny over his

This is the hidden content, please

• Sign In
• or
• Sign Up

following a

This is the hidden content, please

• Sign In
• or
• Sign Up

in 2019.

The Prince also stepped away from Pitch@Palace after the investigation into his relationship with Epstein came to light.

This is the hidden content, please

• Sign In
• or
• Sign Up

/applications/core/interface/js/spacer.png">

The Duke launched his Pitch@Palace initiative in China. Its leader there was accused of being a foreign agent and banned from the *** – Anthony Devlin/WPA /Getty

The Prince launched Pitch@Palace, which ran a Dragons’ Den-style business, in the *** in 2014 on a not-for-profit basis.

Two years later, he launched it overseas including in China, which was operated for profits.

Mr Yang, 50, a businessman, who was appointed to lead the ******** branch, was

This is the hidden content, please

• Sign In
• or
• Sign Up

involved in a spy scandal in the ***. He was banned from the *** on national security grounds in 2023.

Pitch@Palace has faced scrutiny following the revelation that Mr Yang allegedly visited Buckingham Palace twice and was invited to the Duke’s 60th birthday party.

Meanwhile,

This is the hidden content, please

• Sign In
• or
• Sign Up

reported in January that half of the cash balance at Pitch@Palace Global, the commercial arm of the scheme, was withdrawn in the space of a year.

The latest figures from Companies House show that the company’s funds fell from £454,979 to £220,990 in the 12 months to March 31 2024. The destination of the funds has not been listed, documents show.

This is the hidden content, please

• Sign In
• or
• Sign Up

#Duke #York #strikes #deal #money #PitchPalace #contacts

This is the hidden content, please

• Sign In
• or
• Sign Up

This is the hidden content, please

• Sign In
• or
• Sign Up

For verified travel tips and real support, visit: https://hopzone.eu/