today at 12:00 News

Revolut Founder Sued Over Unpaid Commission on 8.5 Billion Koruna Yacht Deal

Revolut Founder Sued Over Unpaid Commission on 8.5 Billion Koruna Yacht Deal

London brokerage firm Cecil Wright & Partners has filed a lawsuit at London's High Court against Revolut CEO Nikolay Storonsky, demanding payment of five percent of the value of a superyacht he purchased — a sum equivalent to roughly 8.5 billion Czech koruna, according to the Financial Times, citing court documents.

According to the lawsuit, a representative of Storonsky first approached the brokers in October 2024, initially seeking help building a new yacht for the billionaire. A year later, however, interest shifted to an already-completed vessel that could be acquired sooner. The brokers recommended a 102-meter yacht built by the German shipyard Lürssen. In January 2026, Storonsky's representative informed Chris Cecil-Wright, the brokerage's founder, that the billionaire had bought the vessel directly from the seller — Canadian entrepreneur and former hockey player Patrick Dovigi — cutting out the intermediaries.

The brokerage insists it was the decisive factor in securing the deal and is therefore entitled to a commission, even though it wasn't directly involved in the final transaction. According to the plaintiffs, Storonsky went behind the brokers' backs specifically to avoid paying their fee. A representative from the businessman's office said the claim is without merit and that Storonsky intends to fight it. The court has not yet ruled on the case.

The yacht is considered one of the most luxurious vessels in its class: according to Robb Report, it features a 7.6-meter glass-bottomed "infinity" pool, a beach club, and a gym equipped with a cryotherapy chamber for recovery at extremely low temperatures.

Sponsored

The vessel's ownership history has been anything but simple. It was originally commissioned by Dovigi himself, who then sold it to Brazilian banker Daniel Vorcaro. However, in November 2025, Vorcaro was arrested on suspicion of large-scale fraud amounting to the equivalent of 48 billion koruna (he denies the charges and, according to his lawyers, is cooperating with the investigation). Following the arrest, Dovigi bought the yacht back and subsequently sold it to Storonsky.

Cecil Wright & Partners has previously been involved in deals for some of the world's largest and most expensive yachts. These include the nearly 100-meter Madame Gu, linked to Russian billionaire Andrei Skoch, who was hit with Western sanctions over his support for Russia's military aggression against Ukraine and his ties to the Kremlin; his yacht is among the assets frozen abroad. The firm was also connected to a deal involving the yacht Tango, seized by Spanish authorities: the vessel belonged to sanctioned Russian-Israeli oligarch Viktor Vekselberg, who is close to Russian President Vladimir Putin — his managers reportedly tried to disguise the yacht under a false name to evade US sanctions, which led to its seizure in 2022 at the FBI's request.

Read also: 8 best swimming spots near Prague: lakes, quarries and beaches an hour from the city

Source: novinky.cz

Share: Telegram VK WhatsApp

Related news

A four-year investigation into a major environmental scandal in Ostrava has ended without anyone being held responsible. In late June, the Czech Ministry of the Environment closed the case concerning the alleged illegal dumping of hundreds
As of Wednesday, Czechia has stopped granting temporary protection to Ukrainian men of conscription and reserve age — from 23 to 60 years old. This was announced by Interior Minister Lubomír Metnar (ANO), who noted that the government has l
EU states agreed to stop granting temporary protection to newly arriving men aged 23–60 unless they prove they have fulfilled their military obligations. Those who already hold the status are not affected.
The water level in Orlík, the largest reservoir in Czechia, has dropped by a full metre in just one week, falling below the 340-metre mark above sea level. According to water management officials, this is roughly nine metres below the desir
Russia's Ministry of Defence has announced that "Geran-4 Seeker" drones struck seven cargo vessels transporting military supplies for Ukraine's armed forces in the Black Sea. According to the ministry, the ships were hit in the port of Myko
The case of Czech businessman Pelz, accused of causing a fatal traffic accident, has been referred to the Supreme Court. This was announced by Supreme Public Prosecutor's Office spokesman Petr Malý, who noted that new evidence cannot be int
The Czech Constitutional Court has thrown out a complaint filed by lobbyist Roman Janoušek, who had demanded nearly 155 million crowns in compensation from the state after his assets remained seized for almost a decade during a criminal cas
A German woman who has lived on the Tanzanian island for the past two years posted a video on social media showing an unusual toilet aboard a traditional dhow boat — the loo, it turns out, was directly connected to the waters of the Indian
Last week the Czech Ministry of Culture sent a draft government cultural policy strategy out for interdepartmental review. The document was authored by Barbora Šťastná, chief of staff to Culture Minister Oto Klempíř (Motoristé sobě party),
Former commander-in-chief and now Ukraine's ambassador to the United Kingdom, Valerii Zaluzhnyi, has said that Ukraine will never join NATO, despite years of promises from the alliance. He made the remarks during a discussion on Euro-Atlant
The Czech-Moravian Confederation of Trade Unions (ČMKOS) has warned that upcoming legislative amendments could trigger a return of the so-called Švarc system — an illegal practice in which companies register employees as self-employed contr
State prosecutors have requested a six-and-a-half-year prison sentence for former Czech Justice Minister Pavel Blažek in the bitcoin case that cost him his post a year ago and, according to observers, damaged the centre-right government's r