Published in News

King Charles sues Musk for unpaid rent

by on25 January 2023


Put his head on a spike

King Charles III’s property outfit, Crown Estate is suing supreme twit Elon [look at me] Musk for refusing to pay the rent on his swanky London office.

Crown Estate has issued court proceedings to Twitter after one’s conversations with Twitter did not go anywhere. Apparently, the two sides are in discussions, but since Musk has refused to pay rent on Twitter’s other offices, it does not seem likely that he will come up with the readies unless he is dragged to the Tower of London.

All the Twitter signs and logos have been removed from the London office, but Musk's company still occupies it.

Musk who boasts that he has a lot of money has been making all sorts of clever business moves to save money at Twitter.  These include laying off staff, making them work long hours, and cutting back on cleaning services (or making staff do it themselves).

Earlier this month, Insider reported that Twitter's New York office has a cockroach problem, but it turned out he ran the company [we made that gag up]. Staff complained of uncleaned loos and with clogged toilets.

Hacking off the King of England though is a new low for Musk’s Twitter story.

The Crown Estate manages $19.2 billion worth of properties, including 241 in central London, according to its most recent annual report. As the monarch ultimately owns the property, three-quarters of the Crown Estate's $384 million net revenue profit goes towards public spending in Britain – with the rest given back to the royal family.

The Guardian reported last week that King Charles had asked for the profits from a $1.2 billion portfolio of offshore wind farms owned by the Crown Estate to be used for public funding.

 

Last modified on 25 January 2023
Rate this item
(3 votes)

Read more about: