Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Royal Yacht Runs Up €1 Million Sale Tab

Tue 19th Nov 2013
Royal Yacht Runs Up €1 Million Sale Tab

The sale of Spanish Royal Yacht Fortuna has so far run up a bill of more than €1 Million as the troubled monarchy struggles to offload the luxury vessel.

Fortuna was mainly used to entertain visiting dignitaries, including Princess Diana and Prince Charles in 1990, as well as for family photo shoots with the Royal Family.

However, a corruption scandal encircling the royal house, deep public austerity and objections by Spanish subjects over the opulence the monarchy enjoys at the expense of struggling tax payers all led to the Spanish King's decision to offload the vessel in what many believed to be a PR stunt to win favour with the public.

As use of Fortuna was discontinued, staff aboard the boat which were laid off subsequently embarked upon legal proceedings over their dismissal.

The Captain and crew all filed complaints for illegal dismissal which a court agreed with and awarded compensation of €133,789 to the Captain and €100,000 to each of the SEVEN crew members. It is unclear whether their legal expenses are included in the compensation or additional.

The compensation will be taken from the Spanish equivalent of the civil list, the Patrimonio Nacional, which draws from taxpayer's funds.

The €21 MILLION super yacht Fortuna was a gift to the Spanish king from a group of wealthy business men from the Balearic Islands, who through its sale, hope to recoup some of their costs.

Comment on this Story

 
By "Gift", do we assume "Bribe" ...?
Robster - Tue, 19th Nov 2013

Related Partners

Recommended Items

Related Articles

Related Blogs

 
Use the hair extensions pretty curling styling spray to evenly spray on the hair wigs part that wants to highlight the hair extensions uk curl, then use the curling iron to start at the horizontal line behind the ear, and the human hair extensions uk single layer is rolled, and the handsome yet playful hairstyle is born.