Sarah Ferguson, the Duchess of York, made news in May when she was secretly filmed accepting money in exchange for access to her ex Prince Andrew. The incident shed light on the fact that Sarah was in desperate need of money; in fact, her debts today are believed to be anywhere between £2 and £5 million.
The Daily Mail reported that the Duchess has debts as a result of “failed business deals” including the folding of her media company, Hartmoor, which managed her media, publishing and licensing work. Hartmoor apparently had a debt amount of some £650,000.
Additionally, the Duchess cancelled her contract with Weight Watchers (U.S.) which was worth £1.25 million.
In a report by The Daily Mail, Prince Andrew is said to have “allegedly bailed out his ex-wife by handing over £1.5 million”, which supposedly cleared out most of her personal debt.
But is Sarah Ferguson a victim or did she bring this upon herself?
Earlier in the spring the Duchess was sued for almost £200,000 in unpaid fees. A source close to Fergie stated that “She has been taken advantage of. Lawyers have abused her by stacking up astronomical fees for just a few hours’ work”.
While a car firm has repossessed two vehicles the Duchess used but was unable to pay for, Fergie also has a Bentley Continental Flying Spur in a garage at Royal Lodge located in Windsor. The Bentley, however, needs repairs and continues to sit as the Duchess’ financial situation prevents her from getting repairs.
Additionally, The Mail has reported that Fergie owes a personal trainer some £65,000 which is currently being disputed.
While Sarah Ferguson has been advised to claim bankruptcy, it is hard to imagine the royal family would appreciate the headlines that would surely cause.
Prince Andrew has supposedly stated that Princesses Beatrice, 22, and Eugenie, 20, would be the ones to really suffer if their mother files bankruptcy.
According to a report by the Sunday Telegraph, a source told them that it really is the “right thing” for Fergie to do. Even if people talk about it for a while, the news will die down “within a week” and all will be forgotten.
Perhaps Sarah can be saved by Oprah, who is said to have offered her a job as a prime-time host on her new network.
Regardless of what Sarah Ferguson chooses to do, chances are she will continue to make headlines.