by Archana Subramaniam by CNB
Roanoke Times Copyright (c) 1995, Landmark Communications, Inc. DATE: MONDAY, March 22, 1993 TAG: 9303220001 SECTION: EXTRA PAGE: 5 EDITION: METRO SOURCE: From wire reports DATELINE: LENGTH: Short
BUCKINGHAM PALACE HAS OFFERED THE DUCHESS
Buckingham Palace has offered the Duchess of York a final divorce settlement of $750,000 and a trust fund for her daughters, a newspaper reported Sunday.The Mail on Sunday said friends of the former Sarah Ferguson said she had hoped for $6 million and other financial support.
Buckingham Palace had no immediate comment on the report that the settlement has been finalized. Fergie and Prince Andrew formally separated last year.
The newspaper said the package offers the duchess a lump-sum "payoff" and a trust worth $2.1 million for the couple's two daughters and $900,000 earmarked for the purchase of a home.
The newspaper didn't identify its sources.