Gee, this is so sad [tears]. It seems that His Majesty King Juan Carlos I of Spain has decided to dump his $27 million beloved yacht, Fortuna, according the Spanish royal court.
AFP notes that the yacht was:
“…donated in 2000 by a business group but left the king open to criticism during hard times in Spain. The luxury yacht is owned by the state and managed by the National Heritage for the use of the 75-year-old king and his family.
‘The king has taken the decision to ask the National Heritage to proceed with the release of the asset,’ a spokesman for the institution said late Thursday.
The National Heritage board must now approve the yacht’s transfer to the government, which could decide to keep it or sell it.”