Prince Andrew’s primary business interest in the UK will be closing, due to his association with deceased pedophile Jeffrey Epstein.
Andrew, The Duke of York, has already been forced to step back from royal duties while his main business, Pitch@Palace CIC, based at Buckingham Palace, has been shrouded in uncertainty since his trainwreck of an interview with BBC Newsnight.
According to its website, the mission of Pitch@Palace is to “guide, help and connect Entrepreneurs and early-stage businesses with potential supporters, including CEOs, Influencers, Angels, Mentors and Business Investors.”
Trustees have decided the project has no future while three directors have also threatened to quit its global arm if the prince does not give up control, a source has told London newspaper, The Daily Telegraph.
The British side of the company is controlled by the Prince Andrew Charitable Trust, though Pitch@Palace Global is owned by the 59-year-old prince himself.
Prince Andrew said he did not express regret over his association with Epstein during the Newsnight interview. Since then more damaging reports have come to light about the prince’s connections to the dead pedophile, such as the claim that Epstein used Andrew as “bait” in an attempt to lure a 15-year-old girl to his Caribbean island, Little St James. According to news reports, the woman, identified as “Jane Doe 15,” was 15 years old when she says that agents for the late, disgraced financier approached her about the possibility of meeting the randy royal on Epstein’s private island in the Caribbean.
Evidence of Epstein and Andrew’s close relationship has steadily grown in recent weeks and will likely increase pressure on the prince to speak with U.S. investigators
In his attempts to continue to ‘lie low’ the shamed Duke will also not be celebrating the New Year with his family at their £13million ski chalet.