A potential deal to acquire Prince Andrew’s business ventures appears to have fallen through, according to sources familiar with the discussions. Dutch company Startupbootcamp (SBC), which had been in talks to purchase Prince Andrew’s Pitch@Palace network, has not finalized any agreements despite previous announcements of a proposed takeover and reports of potential funding from Bahrain.
The Duke of York has been facing financial scrutiny, especially regarding how he will sustain his residence at the Royal Lodge in Windsor after his financial support from King Charles was cut off. To cover security expenses and maintain the large estate, Prince Andrew needs to secure several million pounds annually. However, the anticipated acquisition by SBC, which was expected to provide a significant financial lifeline, has seemingly hit a roadblock.
SBC, known for mentoring and supporting start-up businesses in the technology sector, was attracted to Pitch@Palace’s vast network of contacts and entrepreneurial opportunities. Although joint events had been planned, sources close to the Dutch firm indicate that despite positive sentiments about the potential partnership, no formal agreements were reached. The negotiations with Prince Andrew’s side failed to materialize into a signed deal, leaving the future of the Pitch@Palace acquisition uncertain.
Initially, the takeover was envisioned as a collaboration between SBC and Bahrain-based investment company Waterberg Stirling. However, recent developments suggest that SBC intends to sever ties with the investment firm. Waterberg Stirling, established in Bahrain by Dominic Hampshire, an advisor to Prince Andrew, had been a key player in the proposed acquisition. Mr. Hampshire’s involvement underscores Prince Andrew’s longstanding business connections with Bahrain and the close ties between the British and Bahraini royal families. Despite initial plans for a strategic partnership, the future of the acquisition remains uncertain following the latest developments
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