Fergie’s Financial Struggles: A Look at the Rise and Fall of the House of York
It’s no secret that Sarah Ferguson, also known as Fergie, has had her fair share of financial woes. Author Andrew Lownie sheds light on the queen’s need to bail out the former duchess due to her extravagant spending habits in his book Entitled: The Rise and Fall of the House of York. According to Lownie, the queen had to cover hundreds of thousands of dollars in debt for Fergie, and there was even a situation where a friend threatened to sue when Ferguson only repaid $6,500 of a $132,000 loan for a vacation to the South of France.
Reports have indicated that Fergie was spending over $1 million a year on staff, gifts, flowers, lavish parties, and shopping sprees. Her questionable business dealings have also made headlines, such as the 2010 incident where she was caught trying to sell access to Prince Andrew to a News of the World reporter for $750,000.
According to a source, “Sarah finds it very hard to say no if there’s money involved,” which sheds light on her financial struggles. In a recent development, her latest children’s book was reportedly pulped, adding to her financial woes.
The source also mentioned that Fergie’s living situation at Royal Lodge was ideal, and she had expected to reside there indefinitely. However, she did not anticipate having to cover bills at this stage in life without any concrete prospects. It seems that she is unprepared for the financial challenges she is currently facing.
As Fergie navigates through her financial struggles, it serves as a reminder of the ups and downs that come with royal titles and the need for responsible financial management.
