Sunday, December 15th, 2019

King’s Superyacht up for Grabs

Published on May 6, 2014 by   ·   No Comments

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In May last year, the King of Spain imposed his very own austerity measure by giving up his 41.5 metre superyacht – Fortuna. Now named Foners, the 21 million euro gin palace was gifted to the 76-year-old in the year 2000 by a consortium of Balearic businessmen (FUNDATUR – the Tourism and Cultural Foundation of the Balearic Islands) who each put in 600,000 euros.

 

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The idea was to provide countless photo opportunities as Juan Carlos I and his wife Sophia entertained the world’s royal and the rich on Mallorca’s turquoise waters – and it worked. But the King has decided that lording it up on a vessel that costs the taxpayer 25,000 euros to refuel each time, no longer creates the right impression and it’s now for sale for ten million euros.

It’s fair to say that the Spanish royal family has gone through a bit of an annus horriblis of late. Whilst the country continues to endure deep economic difficulties, unemployment is 26.4%, the King has been ticked off for elephant hunting on safari in Botswana in 2012 (whilst holding the role of honorary head of the WWF, a role he no longer holds) and daughter Infanta Cristina has been charged with tax fraud and money laundering alongside her husband, who is accused of obtaining millions in public funds.

With public confidence in the royal family at an all time low, giving up prize possession Fortuna seemed like the right thing to do. A spokesperson for the Royal Palace said last year, “The King has taken the decision to ask the National Heritage to proceed with the release of the asset,” while a source at the King’s residence said, “It wasn’t something he felt comfortable with any longer.”

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Fortuna was the latest in a series of royal superyachts anchored in Mallorca, the setting for the royal family’s summer palace, Marivent, where they spend several weeks holidaying each year. The yachts had hosted the Prince and Princess of Wales in 1990, Bill, Hillary and Chelsea Clinton in 1997, and graced the pages of many a glossy magazine and newspaper. But, all good things come to an end.

As well as renouncing Fortuna, the royals have reduced their annual budget by 100,000 euros and both the King and his Heir Prince Felipe taken a pay cut of 7%, roughly in line with the public sector wage cut imposed by Mariano Rajoy’s government. Built by state-owned shipyard Izar, Foners is amongst one of the fastest superyachts in the world thanks to three Rolls Royce gas turbines and two MAN diesel engines. She can reach an unfeasible 68 knots and was indeed crowned ‘fastest yacht in the world’ in the year 2000 beating the previous record of 66.7 knots held by Moonraker in 1992.

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But that’s not the only ace in her pack, Foners’ superstructure is lined with Aramid fibre for the express purpose of making it bullet proof, while cameras are strategically placed throughout to record what’s going on in and around her space. Windows are all fitted with wooden venetian blinds and blackout screens – both electrically operated. The pinnacle of design and technology, in all respects, at the time of her launch in 2000, Foners has been well-maintained, as you would expect from a royal asset. Her interior was conceived by Milan-based Celeste Dell’Anna and is austere yet elegant with gloss sycamore wood throughout and stitched tan leather detailing, cream carpets and light cream ceiling panels.

The main saloon is extensive and has settees, occasional chairs and tables, a 46-inch television/entertainment centre and a formal dining area to seat ten. Foners sleeps eight guests in four lavish suites and six crew attend to their every whim. Up top, the flybridge is very spacious and protected by a high wraparound windscreen. Navigation seats aside, there is a dining table with fixed seating for ten, further forward-facing low-level seating and both raised- and low-level sun pads for private sunbathing. To the aft is tender storage, currently hosting a five metre RIB with crane. Below, the generous aft deck has further seating with space for a large table under the flybridge overhang.

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Her asking price of ten million euros includes Spanish IVA (VAT) and matriculation tax both paid, while her Spanish flag is ‘lista 7a’ (private yacht). Apparently there has already been some interest in Foners from the Middle East and Kazakhstan, and a multimillionaire businessman from Granada is alleged to have spent several hours inspecting the yacht at its current anchor in Philippe Starck-designed Port Adriano.

 

 

 

 

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