lady m yacht money

Inside £10m yacht linked to Michelle Mone as luxury vessel is put up for sale

Michelle mone and her billionaire husband doug barrowman face a national crime agency investigation.

• 15:23, 25 SEP 2022
• Updated 16:51, 25 SEP 2022

A yacht linked to Scots underwear tycoon and Tory peer Michelle Mone has been put up for sale for £10.25 million.

The sale of Lady M is listed months after a multi-million-pound refit to the 130ft vessel, which Glasgow-born Mone, 50, regularly features on her social media pages.

The boat, which was refurbished in May, features a deluxe cream-coloured interior and four cabins as well as room for six crew.

READ MORE: John Swinney urged to follow Kwasi Kwarteng with 'new era' income tax cuts for Scots

It comes as Mone and her billionaire husband Doug Barrowman face a National Crime Agency investigation after the peer recommended PPE Medpro during the pandemic, a firm with connections to her husband - with the pair denying any wrongdoing.

The House of Lords commissioner for standards launched into Baroness Mone in January following a complaint by the Labour peer George Foulkes.

The group was awarded two contracts worth £200 million to supply surgical gowns and other items during the pandemic in 2020 which proved useless after the goods failed an inspection. The Department for Health is in dispute with PPE Medpro over millions of surgical gowns which it bought for £122m in 2020.

Once it became public last year that she had referred PPE Medpro to the Cabinet Office using the "VIP lane", Baroness Mone admitted she made the “very simple, solitary and brief step” but insisted “did not do anything further in respect of PPE Medpro”.

But in leaked Whatsapp messages Mone was allegedly asked what size of gowns were required under the Department of Health deal and replied: “We are just about to take off in the jet. The sizes are in the order. We are waiting for the official PO [purchase order], this should come in today.”

Mone’s lawyers said she could not be expected to comment on “unknown and unattributable WhatsApp messages allegedly sent 19 months ago”.

Sources told the Guardian newspaper that Barrowman, an offshore entreprenuer on the Isle of Man, was "part of the financial consortium that backed" PPE Medpro. But his lawyers said the allegations were “largely incorrect”.

Four properties linked to the firm, including a £25 million Isle of Man bolt hole were raided by the NCA in April. No arrests were made during simultaneous raids in London and the Isle of Man but officers seized documents and electronic devices.

The yacht is also said to have links to PPE Medpro as it is owned by a firm registered on the Isle of Man called L M Yachts, whose director is Anthony Page. Mr Page works for Knox House Trust, part of Mr Barrowman’s Isle of Man-based Knox Group which also owns PPE Medpro, reports the Daily Mail.

In March, AML Tax (UK) Ltd, also part of Knox Group, was fined £150,000 for withholding records needed to calculate tax bills.

The Charity Commission recently opened a compliance case into the Barrowman Foundation.

Set up by Mr Barrowman in 2017 – with his wife as a trustee – it donates to the Prince’s Trust, but has not lodged any donations in its accounts.

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LADY M Yacht – The Awesome $55 Million Superyacht

The LADY M yacht is an awesome motor yacht built by Palmer Johnson Yachts at their shipyard in Sturgeon Bay, Wisconsin, United States. She was launched in May 2013 and delivered later that same year. 

LADY M is one of the largest yachts in the world and the largest aluminum motor yacht built by Palmer Johnson.

LADY M yacht interior

The LADY M yacht’s interior is styled by Italian design house Nuvolari Lenard.

She can accommodate up to 12 guests in six luxurious staterooms, and 14 crew members, including the captain of the yacht. 

This luxury sports yacht features one VIP cabin and five comfortable suites, as well as a beauty salon, air-conditioning, a seven-meter foredeck pool, a personal gym, and a helipad. 

LADY M yacht exterior

The LADY M vessel’s exterior design is also the work of Nuvolari Lenard. Both the hull and superstructure are made out of aluminum, featuring teak decks.

As with any other Palmer Johnson superyacht, the LADY M vessel is a combination of a classic and sporty style. She had a full refit back in 2016. 

LADY M yacht specifications

Palmer Johnson’s LADY M is a 65.0m motor yacht with a 9.5m beam, a 2.9m draft, and a volume of 716 GT.

Powered by 2 diesel MTU engines (4,150HP), the LADY M yacht cruises at 24.0 knots and can reach a maximum speed of 28.0 knots with a range of 2,534 nautical miles.

The LADY M yacht can store 80,000 liters of fuel and 12,000 liters of water in her tank. 

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Russia’s richest man Alexei Mordashov has £45 million ‘Lady M’ superyacht seized by Italian cops in oligarch crackdown

• Fiona Connor
• Published : 13:53 ET, Mar 5 2022
• Updated : 14:36 ET, Mar 5 2022

THE £45million superyacht owned by Russia's richest man has been seized by Italian cops amid a crackdown on oligarch assets.

Alexei Mordashov's Lady M has been impounded at the northern Italian port of Imperia, a source confirmed to Reuters .

The 213ft, Lady M is believed to be worth £45 million, according to Forbes, and was built in 2013 by premier yacht company Palmer Johnson.

The yacht boasts six cabins with space for up to 12 guests as well as a beauty salon, a pool and a helicopter pad.

The steel billionaire was believed to be in the Seychelles this week after reportedly sailing from the Maldives.

The Italian government estimates the superyacht's value is now £54 million.

He also owns a villa with an estimated vale of £55 million on the coast of the Mediterranean island of Sardinia, according to Italian media.

It is not clear if that has been seized by authorities at this stage.

The West has hit companies and oligarchs at the heart of Putin’s brutal regime with sanctions worth billions of pounds, asset freezes and travel bans.

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Mordashov was among oligarchs added to the EU's sanctions blacklist - along with Igor Sechin, head of state oil giant Rosneft, and Nikolay Tokarev, boss of pipeline mammoth Transneft. 

A second yacht owned by billionaire Gennady Timchenko, who is closely linked to Russian President Vladimir Putin, has been also blocked in Imperia and will be sequestered shortly.

It comes as oligarchs, including Mordashov, appeared to be moving their plush superyachts to safe havens around the world as the West tightens sanctions over the invasion of Ukraine.

Data from Marine Traffic showed at least four yachts owned by Russian tycoons cruising around the Seychelles, Montenegro and the Maldives.

US president Joe Biden said he and his allies plan to seize the yachts, luxury apartments and private jets of wealthy connected Russians.

France is also drawing up a list of properties owned by Russian oligarchs - including yachts - that could be seized under EU sanctions.

And the Maldives and Montenegro do not have an extradition treaties with the US - making it a safe haven for the yachts belonging to the Russian billionaires.

Foreign Secretary Liz Truss said lawyers at the Foreign Office were building up "watertight" cases to successfully sanction Russian oligarchs in the UK.

The MP threatened: "We will continue working through our hit list of oligarchs, focusing on their houses, their yachts and every aspect of their lives."

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An MP claimed this week Abramovich was selling his properties in Britain to avoid possible financial sanctions. 

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Russia’s richest man Alexei Mordashov has £45 million ‘Lady M’ superyacht seized by Italian cops in oligarch crackdown

• Fiona Connor
• Published : 18:53, 5 Mar 2022
• Updated : 19:35, 5 Mar 2022

THE £45million superyacht owned by Russia's richest man has been seized by Italian cops amid a crackdown on oligarch assets.

Alexei Mordashov's Lady M has been impounded at the northern Italian port of Imperia, a source confirmed to Reuters .

The 213ft,  Lady M is believed to be worth £45 million, according to Forbes, and was built in 2013 by premier yacht company Palmer Johnson.

The yacht boasts six cabins with space for up to 12 guests as well as a beauty salon, a pool and a helicopter pad.

The steel billionaire was believed to be in the Seychelles this week after reportedly sailing from the Maldives.

The Italian government estimates the superyacht's value is now £54 million.

He also owns a villa with an estimated vale of £55 million on the coast of the Mediterranean island of Sardinia, according to Italian media.

It is not clear if that has been seized by authorities at this stage.

The West has hit companies and oligarchs at the heart of Putin’s brutal regime with sanctions worth billions of pounds, asset freezes and travel bans.

Most read in The Sun

Russia CONFIRMS Ukraine long-range missile attack as UK slams 'depraved' Putin

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Mordashov was among oligarchs added to the EU's sanctions blacklist - along with Igor Sechin, head of state oil giant Rosneft, and Nikolay Tokarev, boss of pipeline mammoth Transneft. 

A second yacht owned by billionaire Gennady Timchenko, who is closely linked to Russian President Vladimir Putin, has been also blocked in Imperia and will be sequestered shortly.

It comes as oligarchs, including Mordashov, appeared to be moving their plush superyachts to safe havens around the world as the West tightens sanctions over the invasion of Ukraine.

Data from Marine Traffic showed at least four yachts owned by Russian tycoons cruising around the Seychelles, Montenegro and the Maldives.

US president Joe Biden said he and his allies plan to seize the yachts, luxury apartments and private jets of wealthy connected Russians.

France is also drawing up a list of properties owned by Russian oligarchs - including yachts - that could be seized under EU sanctions.

And the Maldives and Montenegro do not have an extradition treaties with the US - making it a safe haven for the yachts belonging to the Russian billionaires.

Foreign Secretary Liz Truss said lawyers at the Foreign Office were building up "watertight" cases to successfully sanction Russian oligarchs in the UK.

The MP threatened: "We will continue working through our hit list of oligarchs, focusing on their houses, their yachts and every aspect of their lives."

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Roman Abramovich , the owner of Premier League football club Chelsea, owns a number of superyachts , including the $600million Solaris - which has a missile detection system - and the $1billion Eclipse.

An MP claimed this week Abramovich was selling his properties in Britain to avoid possible financial sanctions. 

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LADY M, a 64.0 m Motor Yacht built in the United States of America and delivered in 2013, is the flagship of Palmer Johnson .

Her top speed is 28.0 kn, her cruising speed is 25.0 kn, and she boasts a maximum cruising range of 4300.0 nm at 12.0 kn, with power coming from two MTU diesel engines. She can accommodate up to 12 guests in 6 staterooms, with 15 crew members. She has a gross tonnage of 716.0 GT and a 9.5 m beam.

She was designed by Nuvolari Lenard , who also designed the interior. Nuvolari Lenard has designed 121 yachts and designed the interior of 109 yachts for yachts above 24 metres.

The naval architecture was developed by Palmer Johnson , who has architected 24 other superyachts in the BOAT Pro database - she is built with a Teak deck, a Aluminium hull, and Aluminium superstructure.

LADY M is in the top 5% by LOA and in the top 30% by speed in the world. She is one of 209 motor yachts in the 60-70m size range, and, compared to similarly sized motor yachts, her cruising speed is 10.91 kn above the average, and her top speed 11.4 kn above the average.

LADY M is currently sailing under the Cayman Islands flag, the 2nd most popular flag state for superyachts with a total of 1423 yachts registered. She is currently located at the superyacht marina Porto Maurizio, in Italy, where she has been located for 35 months. For more information regarding LADY M's movements, find out more about BOATPro AIS .

Specifications

• Name: LADY M
• Yacht Type: Motor Yacht
• Builder: Palmer Johnson
• Naval Architect: Palmer Johnson
• Exterior Designer: Nuvolari Lenard
• Interior Designer: Nuvolari Lenard
• Refits: 2021

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This Yacht is not for Charter*

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LADY M yacht NOT for charter*

65.5m  /  214'11 | palmer johnson | 2013.

Owner & Guests

Cabin Configuration

• Previous Yacht

Special Features:

• Impressive 2,534nm range
• Swimming pool
• Lloyds Register ✠100A1 SSC Yacht Mono LDC HSC G6 classification
• Interior design from Nuvolari Lenard
• Cruising speed of 24 knots

The 65.5m/214'11" motor yacht 'Lady M' was built by Palmer Johnson in Monaco at their Sturgeon Bay, WI shipyard. Her interior is styled by Italian designer design house Nuvolari Lenard and she was delivered to her owner in June 2013. This luxury vessel's exterior design is the work of Nuvolari Lenard.

Guest Accommodation

Lady M has been designed to comfortably accommodate up to 12 guests in 6 suites comprising one VIP cabin. She is also capable of carrying up to 14 crew onboard to ensure a relaxed luxury yacht experience.

Onboard Comfort & Entertainment

Her features include beauty salon and air conditioning.

Range & Performance

Built with a aluminium hull and aluminium superstructure, with teak decks, she benefits from a semi-displacement hull to provide exceptional seakeeping and impressive speeds. Powered by twin diesel MTU (16V 4000 M93L) 4,150hp engines, she comfortably cruises at 24 knots, reaches a maximum speed of 28 knots with a range of up to 2,534 nautical miles from her 57,000 litre fuel tanks at 16 knots. Lady M features at-anchor stabilizers providing exceptional comfort levels. Her water tanks store around 12,000 Litres of fresh water. She was built to Lloyds Register ✠100A1 SSC Yacht Mono LDC HSC G6 classification society rules, and is MCA LY2 Compliant.

*Charter Lady M Motor Yacht

Motor yacht Lady M is currently not believed to be available for private Charter. To view similar yachts for charter , or contact your Yacht Charter Broker for information about renting a luxury charter yacht.

Lady M Yacht Owner, Captain or marketing company

'Yacht Charter Fleet' is a free information service, if your yacht is available for charter please contact us with details and photos and we will update our records.

Lady M Photos

NOTE to U.S. Customs & Border Protection

Specification

M/Y Lady M

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