Key Facts

• Pitch@Palace Global, a business of Prince Andrew's, was managed by Knox House Trustees (UK), a company associated with Doug Barrowman, for two years.
• Doug Barrowman is a businessman who, along with his wife Michelle Mone, has been questioned about their connection to a company that won big government contracts during the COVID-19 pandemic.
• After a hard-hitting interview on the show Newsnight in 2019, legal ownership of Pitch@Palace Global was transferred to Knox House Trustees (UK).
• Pitch@Palace Global is a competition where entrepreneurs can present their business ideas to potential investors.
• Prince Andrew's financial situation has been closely examined recently, in particular how he affords his lifestyle after reportedly being cut off financially by his brother, King Charles.
• The prince has said that he has stopped all communication with Yang Tengbo, the man in charge of the Chinese version of Pitch@Palace, based on advice from the UK government who suspect Yang is a spy.
• In 2017, one of Barrowman's companies, AML Tax (UK), was investigated by HMRC (UK's tax authority) for promoting ways to avoid paying tax. The company was fined £150,000 in 2022.
• Both parts of Pitch@Palace stopped operating after Prince Andrew's 2019 interview about his connections to the late Jeffrey Epstein, who was convicted of sex crimes.