Foreclosure
Oligarch expropriated: Former Google CEO grabs luxury yacht “Alfa Nero” at a ridiculous price
The “Alfa Nero” (IMO 1009376) is sold. For more than a year she has been in the bay of Falmouth Harbor on the extreme south coast of the island of Antigua in Antigua and Barbuda – now she is to cast off “as soon as possible”.
© imagebroker / Imago Images
The “Alfa Nero” was in the waters of Antigua and Barbuda for more than a year. Although the original owner Andrei Guryev fought back in court, the country has now sold the yacht to a prominent tech giant.
As beautiful as the “Alfa Nero” is – due to the long laytime, the ship, which has actually been “abandoned” in the bay for more than a year, has become a “danger to shipping and the port” by the authorities in Antigua and Barbuda. explained. Preparations for a sale therefore began as early as March 2023 (oligarch abandons 120 million yacht).
Former Google boss buys “Alfa Nero”
Now the “Antigua ObserverAccording to the report, he paid 67.6 million US dollars for the Alfa Nero. Dollar and now owns another large ship in addition to the “Legend.” Shortly before the sale, a final injunction by the former owner was rejected by the competent court.
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In fact, that’s a good price for both parties. The yacht was valued at $115 million by the authorities and the reserve price was set at $60 million. Schmidt’s purchase price is only slightly higher, so he can definitely look forward to a “bargain” that would not have been available on the open market. The payment of the sum is a great relief for the country, because “Alfa Nero” has accumulated large debts in recent months.
Loud “Luxury launches“The bill consists of a total of 1.5 million US dollars for essential maintenance work and a further 2.1 million US dollars for outstanding wages. Because even if the “Alfa Nero” has not moved for a long time, there were until the end remaining members of the crew on board, 25 of them are said to have filed complaints.
Antigua and Barbuda port manager Darwin Telemaque said the purchase price “covered all liabilities” and the debt was fully settled.
Huge win for the small country
He told the Antigua Observer: “Had we had other avenues to eliminate this threat, we probably would have used them. This was the only mechanism we could use to achieve this, and now that the ship is moves, the risk is averted.”
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But he doesn’t want to do without the Alfa Nero entirely: “We want the Alfa Nero to come back and be here as often as necessary, but we also want it to be here with a full crew, fully operational and that it involves the local community. And not in the state it was in when nobody could take care of it.”
The remaining income from the sale goes first to the state. For Antigua and Barbuda, that’s quite a significant sum. The nominal gross domestic product is around 1.4 billion US dollars. The sale of the “Alfa Nero” thus flushes around four percent of the annual economic output into the coffers.
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