Princess Anne’s ‘difficult decisions’ to sustain £6million estate after ‘devastating’ loss
Royal experts have claimed that Princess Anne has had to make “very difficult decisions” to maintain her 700-acre Gatcombe Park estate amid financial pressure. To keep the reported £6million land afloat with her husband Timothy Laurence, the 74-year-old has reportedly had to reconsider ways of bringing in an income over the years.
Kate explained: “Gatcombe Park is an expensive place to run, it’s a huge estate and the inflation, cost of living crisis, has hit them hard. Anne has had to make some very difficult decisions to keep Gatcombe Park afloat.”
Channel 5 News’ Royal correspondent Simon Vigar said of the pair managing the estate: “From day one, they’ve had to make massive financial decisions, quite rightly, they don’t get money from the tax payer, they have to make it work.”
The Princess Royal and her family were said to be “devastated” following the cancellation of The Festival of British Eventing at Gatcombe Park last year, after 40 years.
Mark Phillips, Anne’s former husband, attributed the decision to soaring costs, including insurance, post-pandemic.
