Friday, November 22, 2019

Duke of York Clings to Pitch@Palace Business Role


THE TELEGRAPH: Duke refuses to give up role where he can take cut of every deal

The Duke of York has refused to step aside from all public duties by staying at the helm of an initiative set up at Buckingham Palace that allows him to make money out of tech deals. The Duke, who founded Pitch@Palace, which matches investors with start-up tech companies, is expected to host an event at St James's Palace next month, although a planned trip to Bahrain was cancelled on Thursday night amid the furore. It comes as he resigned from his position as patron of the Outward Bound Trust as the catastrophic fallout his Newsnight interview continues. Royal sources said Pitch@Palace would move to his "private portfolio". Terms and conditions for Pitch@Palace Global Ltd reveal the company – of which the Duke is the "significant" controller – is entitled to a share of any investment deal for three years. Read on for the details. » | Chris Price | Friday, November 22, 2019