The government of Antigua and Barbuda faces obstacles in finalizing the sale of the luxurious Alfa Nero superyacht, with legal challenges prolonging the process.
While the vessel remains moored at Falmouth Habour for over 15 months, the government bears a staggering cost of $28,000 per week for its safety, excluding fuel expenses.
Chief of Staff Lionel Max Hurst expressed concerns about sustaining such expenses, emphasizing the vessel’s movement depends on resolving legal issues.
Numerous pending lawsuits have been dismissed as delaying tactics by the government, seeking to frustrate the sale.
The winning bidder, former Google CEO Eric Schmidt, faces difficulties transferring the funds amid ongoing legal battles.
Despite hurdles, the government remains optimistic about finalizing the handover to Schmidt, but weather threats and uncertainties persist.