Abdicating King of Spain Knocks £2M Off His Bulletproof Yacht

[cinrit]

It was put on the market as a sign of solidarity by the king, to show his appreciation for the harsh austerity measures and rising unemployment rates facing his fellow Spaniards.  But it seems times are so austere that those selling King Juan Carlos's luxury royal yacht have had to slash its asking price - by nearly 20 per cent.

Fortuna, a 136ft motor boat used exclusively by the Spanish Royal Family and their guests - which has in the past included Princess Diana and Prince Charles - has had its price dropped from £8.1m to £6.6m.

The boat, which remains moored off the island of Majorca, where the royal family has a palace and goes on holiday each summer, was gifted to the state by around 30 executives with links to Majorca and other Balearic Islands in a bid to promote the islands.

But King Juan Carlos - who announced last week that he plans to abdicate to make way for his son Prince Felipe - was forced to renounce the use of the yacht, after coming under fire for going on an elephant safari in Bostwana in 2012, while the Spanish economy plunged further into crisis.

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King Juan Carlos of Spain knocks £2m off his bulletproof yacht | Mail Online

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