Future of Queen’s $57m royal home revealed

The Queen’s former home has been stuck in limbo for months. The future of the $57 million home just got clearer.

Andrew’s secret deal to keep royal home. Picture: Supplied

Prince Andrew has struck a secret multimillion deal that will allow him to keep his home at Royal Lodge.

The Sun reports the Duke of York has come to a commercial agreement with Dutch-based firm Startupbootcamp to use contacts he made from his Pitch@Palace initiative.

Under the agreement, the Prince, 64, is paid for each deal SBC strikes in territories worldwide — earning him millions of pounds in total.

Officials from SBC pitched the idea to Buckingham Palace officials last year before the deal with Andrew was agreed.

Weeks later, King Charles cut his £1 million ($A2 million) annual personal allowance for his brother, which previously helped offset the financial burden of managing the $57 million property.

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Prince Andrew has struck a secret deal to act as middle man on behalf of a business giant that will earn him millions. Picture: Eamonn McCormack/Getty Images

The windfall will help the Duke hold on to Royal Lodge.

Charles, 75, is said to have wanted Andrew out of Royal Lodge for years and has urged his scandal-hit sibling to relocate to Frogmore Cottage, a smaller, more modest home recently vacated by Prince Harry and Meghan Markle.

But Andrew, who moved into the 30-bedroom mansion in 2004, has remained at his Windsor home after taking on a lease that lasts until 2078.

Palace sources told The Sun they received assurances about the Duke’s funding streams.

“He 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,” a source said.

“It is a way of exploiting the enviable business links he has secured over the years.”
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Charles, 75, is said to have wanted Andrew out of Royal Lodge for years. Picture: Max Mumby/Indigo/Getty Images

The King has urged his scandal-hit sibling to relocate to Frogmore Cottage. Picture: Leon Neal/Getty Images

This is the first time Andrew has been known to do any work since he stepped down as a working royal before being stripped of his titles by the late Queen three years ago.

The disgraced Prince had stepped away from the Pitch@Palace scheme, which matched entrepreneurs with investors, after his “car crash” Newsnight interview over links to the late pedophile financier Jeffrey Epstein.

Kauan von Novack, CEO of Startupbootcamp said: “Our mission is to help entrepreneurs to create the change the world needs.

“We see immense value in the network built up by Pitch@Palace.”

A Palace source said: “Buckingham Palace officials have neither reviewed nor approved the details of any financial arrangements between the Duke or his advisers and any third party.”

Parts of this story first appeared in The Sun and was republished with permission.