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☆ The long tale of the yacht linked to a Russian oligarch and abandoned in the Caribbean for more than 2 years finally draws to a close
▼ + stars: | 2024-07-23 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +1 min

An undisclosed buyer picked up the Alfa Nero for $40 million last week. The sale ended an ownership tug-of-war, which included ex-Google CEO Eric Schmidt. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAn undisclosed buyer has finally stepped up to the helm of the Alfa Nero superyacht, ending a two-year-long saga, Bloomberg reported on Tuesday. That buyer agreed last week to pay $40 million, a huge discount to the $67.6 million that former Google CEO Eric Schmidt bid last year, a deal he eventually abandoned.

Persons: Alfa Nero, Eric Schmidt, —, Alfa Nero superyacht Organizations: Alfa, Service, Bloomberg, Business Locations: Antigua, Barbuda

☆ Eric Schmidt was supposed to buy a yacht once owned by a Russian oligarch. Here's the one he bought instead.
▼ + stars: | 2024-05-07 | by ( Madeline Berg | ) www.businessinsider.com time to read: +3 min

Eric Schmidt backed out of buying the Alfa Nero megayacht last year. The ship — one of the biggest yachts owned by a tech billionaire —was listed for about $161 million. AdvertisementLast year, Eric Schmidt made waves in the yachting community when news came out that he was the soon-to-be owner of the Alfa Nero, an 81-meter megayacht that belonged to a sanctioned Russian oligarch. But as the sale proceedings went on, legal challenges piled up as people laid claim to Alfa Nero, and Schmidt backed out of the deal. In September 2023, just three months after he won the Alfa Nero auction, the billionaire purchased Kismet, renaming her Whisper, Business Insider has learned.

Persons: Eric Schmidt, Alfa Nero megayacht, Shahid Khan, —, Alfa Nero, Schmidt, Marcus Brandt, Shahid Khan — Organizations: Alfa, Service, Google, Bloomberg, Getty, Jacksonville Locations: Russian, Antigua, Barbuda, Russia, Ukraine, Caribbean

☆ Insiders still have no idea what's going to happen to Russian oligarchs' seized superyachts
▼ + stars: | 2024-03-26 | by ( Madeline Berg | ) www.businessinsider.com time to read: +6 min

Many of their superyachts were seized or frozen, leading industry insiders to question their fate. The war prompted many governments to enact sanctions against Russia's richest, including seizing their superyachts worth hundreds of millions of dollars. At least a dozen superyachts — worth well over $1 billion combined — have been affected. Russia's sanctioned superyachts are hard to buy and sellThe first problem is that many of the yachts are "frozen" — not seized. "How does it look if you bought a Russian boat?"

Persons: It's, —, Russia's, I've, Julia Simpson, Thompson of Monaco, it's, Joshua Naftalis, Ralph Dazert, Alfa Nero, Eric Schmidt, Simpson Organizations: Service, Russia's, Palm, SuperYacht, Thompson, Pallas Partners, SuperYacht Times Locations: Russia, Ukraine, Russian, San Diego, Antigua, Barbuda, Maldives, Montenegro, Dubai

☆ A $120 million megayacht linked to a Russian billionaire was seized by authorities, and now residents of a small Caribbean nation are paying $28,000-a-week to maintain it, report says
▼ + stars: | 2023-09-25 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

A $120 million megayacht linked to a Russian billionaire has been docked in Antigua and Barbuda for 19 months. Now taxpayers in the small country are paying $28,000-a-week to maintain the idle vessel, per the WSJ. The Alfa Nero is a $120 million vessel that was raided by armed police and the FBI in August 2022, having been left in Antigua's Falmouth Harbor since Russia invaded Ukraine six months earlier. The US Treasury Department has linked the Alfa Nero to Andrey Guryev , a Russian oligarch who the department says is a "close associate" of Vladimir Putin. The Journal reports that the country's residents are paying $28,000-a-week in taxes to maintain the Alfa Nero, including the salary of an Italian captain and $2,000-a-day in diesel to keep its air conditioning running.

Persons: Nero, Alfa Nero, Andrey Guryev, Vladimir Putin, Eric Schmidt, Guryev's, it's, Joan Miró, Tom Paterson Organizations: Service, Street Journal, FBI, US Treasury Department, Bloomberg, Alfa, Guardian, Google Locations: Russian, Antigua, Barbuda, Caribbean, Wall, Silicon, Antigua's Falmouth Harbor, Russia, Ukraine, Falmouth Harbor, Italian

☆ A $700 million superyacht linked to Putin was seized in Italy last year. It's being treated to a refurb while it waits, and authorities won't say who's paying for it.
▼ + stars: | 2023-08-07 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Scheherazade, a $700 million superyacht linked to Russian President Putin, is being refitted in Italy. Italy seized the yacht in 2022 following sweeping sanctions against Russia over the Ukraine war. A $700 million superyacht reportedly linked to Russian President Vladimir Putin is sitting in an Italian port and being refitted on the unnamed owner's dime, the Financial Times reported Sunday. US authorities believe the superyacht could belong to Putin, The New York Times reported in March last year. Other Russian oligarch-linked yachts that have been seized include the $81 million Alfa Nero and the $48 million Phi.

Persons: Putin, Vladimir Putin, It's, Eduard Khudainatov, Alexei Navalny, Nero Organizations: Russia, Financial Times, Marina di, Sea Group, Bloomberg, The New York Times, Kremlin, Phi, Italian Sea Group Locations: Italy, Ukraine, Marina, Milan, Russian

☆ The daughter of a sanctioned Russian billionaire says she's the true owner of a $68 million superyacht bought by ex-Google CEO Eric Schmidt
▼ + stars: | 2023-07-13 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

Eric Schmidt bought a superyacht linked to a sanctioned Russian billionaire at auction in June. The Russian mogul has denied owning the vessel – but his daughter now says she's its true owner. Former Google CEO Eric Schmidt recently paid $67.6 million for a stranded superyacht that has been linked to a sanctioned Russian billionaire. The Russian chemical mogul's daughter now says she's its true owner and wants it back, according to a report by Bloomberg. But on Wednesday, lawyers for Guryev's daughter Yulia Gurieva-Motlokhov filed an appeal saying that she was the vessel's true owner, Bloomberg reported.

Persons: Eric Schmidt, Schmidt, Nero, Andrey Guryev, Guryev, Alfa Nero, Vladimir Putin, Guryev's, Yulia Gurieva, Motlokhov Organizations: Bloomberg, Morning, US Treasury, Alfa, EU, FBI, Trust, Flagstaff Trust Locations: Russian, Antigua, Barbuda, Ukraine, Caribbean, Flagstaff

☆ Ex-Google CEO Eric Schmidt paid $67 million for a superyacht abandoned by a sanctioned Russian oligarch
▼ + stars: | 2023-06-17 | by ( Max Adams | ) www.businessinsider.com time to read: +2 min

Former Google CEO Eric Schmidt paid $67.6 million at auction for a 267-foot superyacht. The boat was left moored in Antigua Bay by Andrey Guryev, a sanctioned Russian oligarch. Billionaire and former Google CEO Eric Schmidt won an auction Friday for the 267-foot Alfa Nero, paying $67.6 million for the superyacht that had been "abandoned" in Antigua Bay by a sanctioned Russian oligarch. Schmidt was the CEO of Google from 2001 to 2011, and stepped down as chairman of Google parent Alphabet in 2018. Representatives for Schmidt didn't immediately respond to a request for comment from Insider, made outside normal working hours.

Persons: Eric Schmidt, Andrey Guryev, Nero, Sir Ronald Sanders, Schmidt, Guryev, Vladimir Putin, Guryev's, Mr Guryev, Alfa Nero, Beck Diefenbach, Schmidt didn't Organizations: Google, Russian oligarch, Bloomberg, Morning, Barbuda Port Authority, Boat, US Treasury Department, Guryev, Alfa, Reuters Officials, International . Locations: Antigua Bay, Russian, Antigua, Barbuda, Ukraine, Falmouth Harbor

☆ The crew of a sanctioned super yacht have been playing 'Call of Duty' in the master suite and swimming in the infinity pool
▼ + stars: | 2023-05-17 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

A sanctioned superyacht is racking up about $112,000 per month in crew costs, Bloomberg reported. The crew have been on the vessel for over a year and have reportedly taken to playing "Call of Duty." Over the past year, Alfa Nero's crew have tried to find ways to pass time while the ship remains stuck. Bloomberg reported that the crew have taken to playing "Call of Duty" and other PlayStation games in the ship's master suite. The crew — which has dwindled from 44 to 6 people — will also sometimes swim in the yacht's infinity pool, Bloomberg said.

☆ Antigua wants to quickly auction off an 'abandoned' superyacht linked to a Russian oligarch after it ran up a $500,000 bill for fuel and food
▼ + stars: | 2023-03-28 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

The Antigua and Barbuda government has declared the Alfa Nero super yacht abandoned. Authorities intend to use the money to pay down a $500,000 fuel bill owed to the Antigua Yacht Club Marina. The authorities intend to use the yacht's sale proceeds to pay down a $500,000 debt it owes to the Antigua Yacht Club Marina for fuel, per Daily Observer. He added the Alfa Nero could also be uninsured and this could cause issues for the harbor. The US Department of the Treasury has linked the Alfa Nero super to Guryev, who the department said is a "close associate" of President Vladimir Putin.

☆ Antigua and Barbuda is preparing to auction off an 'abandoned' $81 million superyacht linked to a Russian oligarch, reports say
▼ + stars: | 2023-03-08 | by ( Marielle Descalsota | Kate Duffy | ) www.businessinsider.com time to read: +2 min

An $81 million superyacht linked to a Russian oligarch is reportedly set to be auctioned off. The 81.2-meter Alfa Nero has been linked to Russian chemicals magnate Andrey Guryev. An Antigua and Barbuda government minister reportedly said the "abandoned" yacht risks becoming a "hazard." The 81.2-meter Alfa Nero was built by Oceanco and can accommodate 12 guests in six staterooms and 28 crew, according to Boat International. The Treasury department said in August that the Alfa Nero was a "blocked property" of Guryev's, and that he reportedly bought the yacht for $120 million in 2014.

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