TransportPublished:

Frustrated with waiting for more than 55 days despite making the highest bid for the abandoned Alfa Nero superyacht, billionaire Eric Schmidt has backed out of buying the oligarch’s vessel

by
Via Charterworld


It would be accurate to say that just like superyacht Alfa Nero’s sailing days are behind her, so are ex-Google CEO Eric Schmidt’s waiting days. The billionaire is finally done with waiting for the Oceanco beauty that made legal troubles her best friend. Fate remains unchanged for the 269-foot vessel abandoned in February 2022 by Russian oligarch Andrew Guryev. Schmidt has backed out of purchasing a superyacht incessantly mired in lawsuits and withdrew his $67.6 million bid. According to Bloomberg, Antigua and Barbuda’s ambassador to the US, Ronald Sanders confirmed the Silicon Valley tycoon withdrew his winning offer made on 16th June 2023 for the luxury vessel several days ago.

Eric Schmidt had been advised by his lawyers against making the payment to Antiguan government for a few days.

“Schmidt, because of the legal wrangling, determined that we could not give him clear title of the ship, ” Sanders said in a Friday interview. “That’s not accurate, because the ship belongs to us, it is owned by the government.” Schmidt lawyers and advisers believe otherwise; in their opinion, any property subject to litigation isn’t free and clear.

Also read -  In a major blow to Eric Schmidt, Russian tycoon Andrew Guryev's daughter has filed an appeal with the Antiguan authorities claiming ownership of the Alfa Nero superyacht. Purchased by the Ex-Google CEO at a steep discount, the vessel continues to get face legal issues.


The 267-foot Alfa Nero, complete with a baby grand piano and a swimming pool that turns into a helipad, would be an excellent asset for any billionaire, but that’s not Eric Schmidt, after all.

The master cabin of Alfa Nero.Via Charterworld

Perhaps the government will iron out the legalities, and Alfa Nero may land in the lap of American billionaire Warren Halle, who has sued the government of Antigua for breach of contract and not letting him take the yacht home per the auction rules.

Tags from the story
Neha Tandon Sharma
Written By
With over 15 years of experience in luxury journalism, Neha Tandon Sharma is a notable senior writer at Luxurylaunches. Her expertise spans luxury yachts, high-end fashion, and celebrity culture. Beyond writing, her passion for fantasy series is evident. Beginning with articles on women-centric gadgets, she's now a leading voice in luxury, with a fondness for opulent superyachts. To date, her portfolio boasts more than 2 million words, often penned alongside a cappuccino.

You may also like

After a grueling wait of around 2 years, the crew of the abandoned Alfa Nero superyacht has been awarded their unpaid wages by the Antiguan high court. Unfortunately, they will be paid only if…..
Ex-Google CEO Eric Schmidt will have to wait longer to take delivery of the $67,000,677 Alfa Nero superyacht as someone has filed claim to the ownership of the abandoned vessel
After nearly two years of being stuck aboard playing Call of Duty and dipping in the infinity pool, the crew of the ill-starred Alfa Nero superyacht is granted partial payment of their pending salaries by the Antiguan High Court
After Eric Schmidt backed out from buying the Alfa Nero superyacht, the government of Antigua wants to negotiate with the second highest bidder, American billionaire Warren Halle, who is willing to pay $66 million for the abandoned luxury vessel.
It’s been more than 60 days since Eric Schmidt bought the Alfa Nero superyacht from the Antiguan government. Yet the 269-feet-long vessel has not even moved a single inch, here is why the ex-Google CEO has been so patient.
In a fresh round, the US has sanctioned Russian billionaire businessmen Andrey Guryev and his namesake son. The authorities are now frantically searching for their spectacular $120 million superyacht Alfa Nero which the father-son duo has kept hidden for months.
In a major blow to Eric Schmidt, Russian tycoon Andrew Guryev’s daughter has filed an appeal with the Antiguan authorities claiming ownership of the Alfa Nero superyacht. Purchased by the Ex-Google CEO at a steep discount, the vessel continues to get face legal issues.
After 18 long months, the abandoned Alfa Nero superyacht has departed Antigua and is now anchored in the neighboring country of Saint Kitts & Nevis. Has someone finally bought the $150 million vessel?
The tiny island nation of Antigua spent approximately $9,000 to fly in an engineer to repair the Alfa Nero superyacht. This $120 million vessel has been lying abandoned for a year and now needs to be moved to safety due to an approaching hurricane.