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LIONHEART Yacht – Enchanting $150M Superyacht

LIONHEART yacht is a 90-metre (295 ft) motor yacht built by Benetti in Italy. She was delivered in July of 2016 to the current owner who recently sold his brands Topshop and Selfridges, gaining him a net worth of US $2.4 billion.

LIONHEART features a sleek and modern design with space for up to 12 guests and 30 crew members. Her home berth lies in Monaco, which is where Green and his family spend most of their time.

LIONHEART yacht interior

The LIONHEART yacht features a lot of intricate details in its design that make her stand out from other comparable vessels on the market.

The interior of this yacht had exceptionally high-quality materials used in her construction, which gives her an elegant look and feel throughout all the different spaces on board. 

The design house Green & Mingarelli is responsible for the luxurious interior design of LIONHEART.

The LIONHEART yacht can welcome 12 guests in her six cabins as well as a crew of 30 members of staff. 

The interior of the yacht features a beach club, a beauty salon as well as expansive health and wellness facilities that include a spa, a hairdressing salon, a gym with a personal trainer, and a massage room with a masseur available at all hours.

The different floors of the yacht are connected by an elevator, and of course, the yacht has several pools, two of which are located on the upper decks. 

A grand staircase is situated in the center of the yacht, which gives the vessel the likeness of a luxury hotel. The interior is furnished with exclusive furniture with dark wood and cream upholstery.

The yacht features several sizable chandeliers and other extravagant lighting fixtures. Everything about the interior of LIONHEART is lavish and luxurious, flaunting the US $150 Million price tag that this incredible vessel bears.

Specifications

The LIONHEART yacht is 90 meters (296 ft) long with a beam of 14.4 meters (47.3 ft) and a draft of 7.5 meters (24.9 ft). She was built by Benetti Yachts in Livorno, Italy, and launched in 2016.

At the time, LIONHEART was Benetti’s flagship and the largest yacht they had ever produced, overtaking NABILA (later TRUMP PRINCESS owned by Donald Trump).

Her gross tonnage lies at 2,990 GT, reaching cruising speeds of 15 knots and maximum speeds of 16 knots.

She is definitely not the fastest yacht in her size category, but her caterpillar engines are reliable and robust.

LIONHEART has an immense aluminum superstructure, and her hull was constructed from premium steel. Her traditional teak decks nicely contrast her white exterior.

The LIONHEART yacht is values at US $150 million and has annual running costs of US $10-$15 Million. She is not currently available for charter or for sale, although Green’s other yachts are.

The exterior of the LIONHEART yacht was designed by Stefano Natucci, who was also responsible for LIONESS V, Green’s previous yacht by Benetti.

Natucci has designed a total of 45 yachts, the LIONHEART yacht being the largest of his past projects.

The yacht is fitted with a sophisticated stabilizer system that ensures a comfortable experience for guests when at anchor or underway. She has a total of four decks featuring generous outdoor spaces. 

The front of the bow has room for a small helipad where aircraft can land to pick up or drop off guests.

The top deck has an outdoor bar and jacuzzi, and behind the flybridge, there is a large pool.

All decks have luxurious outdoor seating with cream upholstery which is also the color of the crew uniforms aboard the LIONHEART yacht. 

At the aft, the yacht has a sizable beach club and extendable swimming platform where water toys can be launched.

She also has several smaller, shaded decks with ample space for dining or parties. On both her port and starboard sides, Lionheart has small balcony decks which are attached to two of the suites.

Toys and equipment

The LIONHEART yacht carries several tenders, although her most memorable is a VanDutch 55 named Lioncub.

This tender has a black and white photograph of a lion painted on its side, making it stand out from traditional tenders and attracting yacht spotters.

LIONHEART also has a Pascoe Limousine, a Pascoe Beachlande, and a Pascoe Outboard Shuttle giving her passengers a wide selection of transportation options for shore leave or excursions.

Although exact details aren’t known, the yacht carries a large number of water toys, including jet skis and water bobs.

With a large swimming platform at the back of the vessel and an attached beach club with a lounge area, a luxury that might be desired is available to her guests.

Additional information

Construction for LIONHEART began in 2012 after the owner Green commissioned his third yacht from Benetti .

The two previous vessels were also named LIONHEART but have since been renamed LUMIERE and LIONESS V. 

LUMIERE was built in 1999 and has a length of 49.9 meters (164 ft). Green sold her when he obtained LIONHEART V in 2006, and she is now available for charter.

LIONESS V has a length of 63.5 meters (208 ft) and was replaced by LIONHEART in 2016, 10 years after her launch. 

Interestingly all three vessels can welcome the same number of guests, and only their amenities and length changed over the years.

LIONESS V is still owned by the Green family, more specifically Tina Green. This yacht is available for charter.

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NEWS... BUT NOT AS YOU KNOW IT

Philip Green’s super yacht renamed the ‘BHS Destroyer’

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It used to be known as ‘Lionheart’, but Sir Philip Green’s super yacht has had a bit of an overhaul. 

A new name has appeared on the side of the multi-million pound ship moored in Monaco, reading  ‘BHS Destroyer’ in large letters.

‘Good of Sir Philip Green to rename his £100million yacht to something more appropriate. I was glad to help,’ comedian Lee Nelson tweeted after he sailed over in a dinghy to attach the sign.

Billionaire Sir Philip, who owns high street names including Topshop, has been blamed for the collapse of BHS after he sold on the chain for just £1 to a former bankrupt.

A dispute about pensions for former employees is still ongoing.

Good of Sir Philip Green to rename his £100 million yacht to something more appropriate. I was glad to help. @All4 pic.twitter.com/0QQloq8jCg — Lee Nelson (@RealLeeNelson) September 6, 2016

MORE : Fabric nightclub closed permanently despite protests from oldest rockers in town

My mate just sent this photo through from Monaco. Look what someone did to Sir Philip Green's yacht ? pic.twitter.com/FowdWvdDMG — Cheffy (@acheffy15) September 6, 2016

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The collapse of BHS led to 11,000 job losses and now threatens the pensions of 20,000 former workers, according to the Telegraph.

A group of MPs wrote to the Honours Forfeiture Committee calling for Sir Philip to lose his knighthood, amid criticism of the way he sold BHS.

However, Sir Philip claimed that, through his Arcadia retail empire, he had pumped £600 million into BHS after the dividend payments.

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Philip Green's superyacht docks in Palma

Lionheart considered one of the most luxurious yacht in the world.

Lionheart moored in the Club de Mar.

A super-yacht owned by former retail king, Philip Green, docked in Palma this week and is moored in the Club de Mar. The current 90-metre Lionheart yacht is the third commissioned by Green to be built by Benetti Yachts (project FB262). [1] With contracts signed in 2012, it is built of steel with an aluminium superstructure. Completed in early 2016, after sea trials off Livorno, it undertook a commissioning run to Malta in May, able to cruise at a speed of 15 knots (28 km/h; 17 mph).

She is a fully equipped yacht with her own Helicopter Landing Pad, At anchor Stabilizers , Gym, Spa, Jacuzzi (on deck), Lift (Elevator), Swimming Pool, Beach Club, Beauty Salon, BBQ, Tender Garage, Swimming Platform, Air Conditioning, Underwater Lights, Owner Study, Exterior Bar.

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Green was the chairman and chief executive of Amber Day from 1988 to 1992. In 1999, he acquired Sears plc. He bought British Home Stores (BHS) for £200 million in 2000, and subsequently spent £840 million to acquire the Arcadia Group in 2002. Arcadia became a private company and was delisted from the London Stock Exchange. He unsuccessfully sought to acquire Marks & Spencer in 1999 and 2004.

At its peak, Green's Arcadia Group owned the clothing retailers Topshop, Topman, Wallis, Evans, Burton, Miss Selfridge, Dorothy Perkins and Outfit. BHS was part of Arcadia from 2009 to 2015. Arcadia had more than 2,500 outlets in the UK, concessions in UK department stores such as Debenhams and Selfridges, and several hundred franchises in other countries. After high street sales fell in 2020 due to the COVID-19 pandemic, Arcadia entered administration and ASOS acquired the Topshop, Topman and Miss Selfridge brands in 2021.

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He is the Author of Corporate Theft

On peoples pension money!!

Another disgraceful waste of poor peoples money from a bad man.

This is truly not something to celebrate. This guy has history!

Philip Green Yacht – Lionheart

Lionheart yacht – one of philip green’s yachts.

The Lionheart, coming in at 90 meters in length (295 feet) is one of the biggest yachts constructed by Benetti Yachts for Sir Philip Green, a British born billionaire. The Lionheart is one of the many yachts Green owns, all of which have similar names to the king of the Jungle, that of Lioness, Lionchase, and Lion Cub.

Slightly confusing to the outside world of yachting, let us clarify the vessels that Green currently owns. The 2016 Lionheart replaced Green’s older yacht of a decade earlier that was then also dubbed Lionheart but has since been replaced with the name Lioness V.

The Lioness has a smaller stature compared to her newer version, with a length of 63 meters (207 feet) and costs approximately US $50 million to build; both vessels were designed by Stefano Natucci, who has designed numerous vessels over the years.

The Lion Cub, is the original Lionheart’s tender, an Otam Cigarette 45, and is identifiable by its distinct leopard spots as well as its silhouette of the wild cat on the bottom of its hull. The Lionheart, itself, is valued at $150 million American and was built as project FB 262 and was delivered to her owner in 2016.

She was constructed with steel and is then encompassed with an aluminum superstructure much like many superyachts are. Inside her levels, there are six spacious guest cabins, that can accommodate 12 guests in total, and she can hold a crew complement of 30. Her main residence, along with Green’s other yachts, is in Monaco, France where Green currently resides with his wife.

Lionheart Yacht Interior – Inside Look

The Lionheart is built for luxury as she is equipped with one helipad, a beauty salon and spa, as well as a pool and a Jacuzzi. With an outdoor bar that connects directly to a lounge area, this beauty is all about relaxing, especially with its very own beach club.

Within you will find three lifts, a garage that has side-opening doors that allow for easy access of the tenders, as well as three elevators for crew and guests. Unique to this vessel are the dumbwaiter and a zero-speed stabilizer, the latter of which acts as the ship’s anchor. With a cruising speed of 15 knots and a top speed of 15.5 knots, she is certainly set for smooth sailing.

With the interior design kept a secret it was shared that she was designed by Green & Mingarelli Design, which is said to have used a contemporary classic look while on the outside, she has been given a sporty look with sleek curves. In total there are four decks each that include dual access doors to the beach club.

The idea for the second Lionheart was first conceptualized in 2012, she took a total of four years to build. She is the third boat created for Philip Green by Benetti, the Italian shipbuilding and boat building company that is based in Viareggio, Livorno, and Fano.

Philip Green is an entrepreneur who began his business as a shoe importer which he later turned into a clothing profession, the Arcadia Group, where he now resides as the company’s CEO. Green first inherited his father’s property development company when he was 12 years old since then he has made most of his millions buying other companies and then selling them for a high-profit margin.

Green and his family are often found relaxing aboard their crown jewel of a yacht when taking a break from their life in business.

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Miami Yacht Watch: Phillip Green’s Lionheart

Owned by the billionaire British businessman

Miami is a common host for extravagant yachts at all times of the year. Track these magnificent vessels and their outlandish toys with Miami Yacht Watch , which typically runs weekly on Curbed Miami.

A week after the magnificent Fountainhead (owned by the CEO of Sears) passed through Miami, and another superyacht with a billionaire owner has arrived: the 295-foot Lionheart, which is estimated to be valued at over $130 million and is owned by billionaire businessman Philip Green . It’s currently docked at the marina on Watson Island.

Built last year, the Benetti vessel features a jacuzzi on the top deck with surround sound; a helipad; an elevator; a pool; a beach club; and a beauty salon.

Green is the chairman of retail giant Arcadia Group. His former yacht, Lioness V, was spotted in Miami last February .

A list of some other yachts we’ve featured recently is below.

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A post shared by futuristicyachts (@futuristicyachts) on Jul 8, 2017 at 11:45am PDT

A post shared by Marco Wegleiter (@webzucker) on Jul 20, 2017 at 1:43pm PDT

90m LIONHEART built last year by Benetti #DriversClubGermany #Benetti #BenettiYachts #LIONHEART #LIONHEARTYacht #Yachts #Yacht #Yachting #Superyachts #Superyacht #Superyachten #Megayacht #Megayachts #MegaYachten #Monaco #MonteCarlo #CotedAzur A post shared by Drivers Club Germany (@driversclubgermany) on Jun 21, 2017 at 9:35am PDT

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Philip Green docks in Spain: British tycoon’s €142m superyacht complete with helipad, jacuzzi and more drops anchor in Mallorca

CONTROVERSIAL British fashion tycoon Philip Green has docked in Mallorca.

He has brought his boat, Lionheart, dubbed ‘the most luxurious yacht in the world’ to Palma. 

The 90-metre yacht worth an estimated €142m and complete with a jacuzzi, helipad and spa, is docked at Club de Mar. 

Commissioned in 2012, the ship is the third yacht of millionaire Green.

Built by Benetti Yachts, the steel superstructure was completed in 2016 with a gym, swimming pool and even garage for cars.

It can sail at speeds of up to 17mph, or 15 knots. 

The retail tycoon behind brands including Top shop, Miss Selfridge and Wallis is believed to be worth around £910 million. 

His image was badly tarnished when he sold his ailing BHS chain for £1 to Dominic Chappell, a former Spanish-based bankrupt with no retail experience.

The company failed a year later with the loss of 11,000 jobs and a giant €600m pension fund was plundered and he was ordered to top it up with his own money.

A parliamentary probe concluded he had systematically milked BHS and described the hole in the pension fund as ‘the unacceptable face of capitalism’.

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Rise and fall of Sir Philip Green, the man who lost his Midas touch

Back in 2006 Sir Philip Green was riding high. His family had banked a £1.2 billion dividend from his Arcadia fashion empire and he had elbowed his way into the establishment.

A month before being knighted in the Queen’s Birthday Honours Sir Philip had summoned Tony Blair, then prime minister, to the grand opening of his Fashion Retail Academy project, which the tycoon had also persuaded to be backed by old adversary Stuart Rose with student masterclasses run by Next’s Simon Wolfson.

Sir Philip, now 68, was not just retail’s ringleader, he was the poster boy for a rag trade to riches story. He conducted his business meetings from his own suite at the Dorchester in Mayfair and flaunted his family’s billions on superyachts, private

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Sir Philip Green relaxes aboard new £100m superyacht Lionheart as first 20 BHS stores prepare to close

The Topshop tycoon and his wife, Tina, were seen relaxing on the 300ft vessel, which features a helipad, a pool and luxury cabins for 12 guests

• 12:42, 18 Jul 2016
• Updated 12:56, 18 Jul 2016

Surrounded by plush cushions, gleaming sofas and green plants, Sir Philip Green takes in the view from his family's new £100million superyacht.

The billionaire was pictured relaxing on the 300ft vessel, dubbed Lionheart, in Malta, hundreds of miles away from the MPs investigating BHS's collapse.

Dressed in a grey, V-neck t-shirt, he was joined on the deck by his spouse, Tina - nicknamed 'Lady Greed' by critics - who wore a colourful bikini top and sunglasses.

Earlier, Lady Green had been seen walking aboard the yacht in the beaming sunshine, after flying to the Mediterranean to receive delivery of it.

Then, she had been pictured strolling onto the enormous vessel with a panting white dog under her arm, leaving her bags on the shore behind her.

It is believed that Sir Philip later joined her aboard Lionheart.

The couple's daughter, 24-year-old ex-Made In Chelsea star Chloe, was also seen relaxing on-board the yacht, dressed in a pretty, red outfit.

In addition to its glamorous decking area, Lionheart features three lifts, a helipad, hot tubs, a swimming pool and luxury cabins for 12 guests.

It is undoubtedly the crown jewel of the Green family collection of expensive playthings, which already includes two other superyachts and two private jets.

Lady Green, who is the sole owner of Lionheart, runs her own business in Monaco advising oligarchs on interior design.

Her expensive tastes are likely to be reflected in every detail on the yacht, where the family will entertain friends such as supermodel Kate Moss and TV mogul Simon Cowell.

The new images come as Sir Philip Green is upping his efforts to assist MPs in their investigation into the collapse of BHS.

The politicians are preparing to publish a damning report into the retailer's demise in the coming weeks.

The Topshop tycoon has written an extensive letter to the business and pensions committees defending his ownership of the department store chain, with their findings due to be published on July 24.

In it, Sir Philip outlines more than £400 million of investment into BHS and claims that he pushed for a "sustainable solution" for the firm's troubled pension scheme.

He also says that he offered to help bankroll to the tune of £5 million a rescue bid for BHS from fellow billionaire and Sports Direct owner Mike Ashley.

"The purchase would include buying all of the stock, for which Mr Ashley offered to pay £10 million," he said.

"This amount was not acceptable to the administrators. It appeared that £15 million to close the deal would work and I therefore offered the additional £5 million to help the business be sold as a going concern."

However, Work and Pensions Committee chairman Frank Field said: "Sir Philip is aware we are writing our report and is suddenly volunteering all manner of last-minute assistance."

A Westminster insider also told the Press Association: "The committee gets the feeling that Sir Philip, having tried to exert his control over the process, is now understanding that the report will be damning and is attempting to vindicate himself by sending over large swathes of documents."

Sir Philip's reputation has taken a battering since BHS collapsed in April, leaving behind a £571 million pension deficit and putting 11,000 jobs at risk.

The billionaire, who owned the retailer for 15 years until 2015, has come under fire for taking £400 million in dividends from the company and then selling it to former bankrupt Dominic Chappell for £1.

In response, Sir Philip said: "Frank Field never ceases to surprise me. I was merely responding to the questions in a letter that he signed."

The new pictures also come as the names of the first 20 BHS stores set to close on Saturday have been revealed - including shops in Peterborough and Southport.

Around 580 staff will be affected by the closures, although administrators say they will try to find temporary work for them in other BHS branches nearby.

However, the future looks bleak for those remaining 143 stores as last ditch efforts are made to find a buyer.

The 20 branches are due to shut next Saturday because stock levels have fallen so low.

Should Sir Philip Green be stripped of his title?

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Sir Philip Green’s super-yacht quarantined in Monaco over coronavirus outbreak

The $150 million and 90-meter-long super-yacht Lionheart has been docked at Monaco’s Port Hercule for over a week. Two crew members tested positive for coronavirus.

The impressive luxury vessel belongs to Sir Philip Green, British billionaire and owner of Topshop, and his wife Lady Tina Green, who is a Monaco resident. The Lionheart is the biggest yacht ever built by historic Italian yacht-maker Benetti and was bought by Sir Philip Green for an estimated 150 million dollars. The yacht has space for 16 crew members and can welcome up to 12 people.

At the time, the purchase of this yacht raised public concern in the United Kingdom. The supe-yacht was bought by Green one year after the British tycoon sold BHS clothing stores to a little-known investor for £1.

Philip Green’s retail business has been hard-hit by the pandemic and in April it was announced that he had taken government money to pay for staff during the Coronavirus lockdown. Over the last 4 years, his wealth has drastically diminished. Forbes estimates that from $5,9 billion in 2016, Philip and Tina Green are now worth a “mere” $2,2 billion.

Coronavirus outbreak on board

“After maintenance in Italy, the boat returned to Monaco. We were meant to go on a cruise with my family. It was my responsibility to have the whole crew tested before leaving. We then discovered two cases — one asymptomatic and the other with a sore throat. The two have been confined to the cabin ever since,” Lady Tina Green told the local newspaper Monaco Mati n . She added that everyone was well.

According to Monaco Matin , 14 boats have now been asked to quarantine by Monaco’s government since the start of the pandemic . Their status is indicated by a yellow flag hoisted on the mast. The Lionheart question should be solved quickly enough. According to local media, all of the new tests conducted on the yacht’s crew at the beginning of the week came back negative.

Lifestyle | Celebrity

Philip Green's £100 million yacht in quarantine after crew test positive

Not even the isolation of a luxurious £100 million yacht can guarantee a Covid-proof holiday, as retail tycoon Philip Green and his wife Tina have discovered.

After two members of the crew tested positive for coronavirus, the couple's yacht and its staff - with Tina Green on board - is now in quarantine in Port Hercules, Monaco.

The outbreak has put a planned family break on hold. "It was my responsibility to have the whole crew tested before leaving" Tina Green told The Sun, "We then discovered two cases — one asymptomatic and the other with a sore throat."

She added that no-one is seriously ill, but the unwell crew members are confined to their cabins (if you have watched Below Deck you'll know that's a pretty tight squeeze).

"The two have been confined to the cabin ever since" she said, "The rest and myself are on the boat. Everyone is well."

Green's yacht Lionheart runs to 300 feet and features six entertaining rooms and enough bedrooms to sleep 12 guests and 16 crew members. It is the third and biggest yacht Green has had commissioned - he previously had Lioness V and Lumiere built in 2006 and 1999 respectively.

The kingdom of Monaco, the tax haven where Green owns a luxury apartment, has seen a total of 138 cases of coronavirus and one death.

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Sir Philip Green's yacht and other assets could be seized, says regulator

Pensions Regulator says courts could seize former BHS owner’s assets if he ignores legal demand to plug £571m pension deficit

Sir Philip Green’s assets, including his £100m superyacht, could be seized by the courts if he refuses to comply with a legal demand to cover the £571m deficit in the BHS pension scheme, the chief executive of the Pensions Regulator (TPR) has said.

Lesley Titcomb told the work and pensions select committee that a court would determine how to raise funds from the billionaire tycoon, including possible seizure of assets, if he does not pay up when a legal demand is issued, or reach a settlement with the regulator.

Titcomb said: “If we are talking about a contribution notice, that creates a normal legally enforceable debt to the scheme and it would then be the scheme trustees or the PPF [the Pension Protection Fund] who, with our full support in any way, shape or form we could offer, would seek to recover that debt through the courts. The courts would determine how that would be achieved.”

It is highly unlikely that Green’s yacht will be seized. However, one pensions expert said the “prospect of the bailiffs on the gangplank” might focus the retail tycoon’s mind on sorting out the BHS pension deficit.

A parliamentary investigation into the demise of the retailer found that BHS had been systematically plundered under its former owners Green and Dominic Chappell.

Green controlled the business for 15 years until he sold it to Chappell , a three-time bankrupt, for £1 in March 2015. Green, his family and other BHS shareholders collected at least £580m from the retailer, while Chappell’s company Retail Acquisitions was paid an estimated £17m .

TPR has started legal proceedings against Green, Chappell and their companies in an attempt to plug the pension deficit. It has issued warning notices to the former owners outlining why they are liable to support the pension scheme.

Green and Chappell now have the opportunity to respond to the warning notices before a determinations panel, an independent body within TPR, decides how much they must contribute to the BHS pension scheme. The determinations panel ruling is a legal demand, but could be appealed all the way to the supreme court by Green and Chappell.

Titcomb said the panel was unlikely to meet until the middle of next year and the “door remains open” to any settlement offers from Green.

TPR is understood be seeking at least £300m from Green and said it is yet to receive a “credible and comprehensive offer”. The tycoon is understood to have offered a deal worth about £300m, but involving a complex structure and payments over many years.

Titcomb declined to provide details of talks with Green, but said the regulator had to consider a range of factors in any pension deal. “It’s not just about money, it may be about the structure of any deals,” she said.

Pushed by Frank Field, the chair of the select committee, about whether TPR could demand assets from Green , particularly his family’s superyacht Lionheart , she said the regulator did not have the power to freeze assets and it would be for the courts to decide how to recover any unpaid legal demand.

On the makeup of any settlement or willing payment from Green to a legal demand, she said: “If there is a settlement or financial support directive, then essentially what we are looking for there is some form of support for the scheme, which could be cash, guarantees or some other structure.

“There is a great deal of flexibility there in terms of what could be taken into account. Having said that, whatever is proposed under either of these routes, we would have to be absolutely sure it is robust and doesn’t create a continuing risk to either the members of the scheme or the PPF. For example, we would want to ensure that any assets that were offered would be properly valued. We wouldn’t just take any offer.”

However, Green will almost certainly not offer the yacht as part of any settlement. If the courts are forced to chase cash from him, they can target a family empire estimated to be worth more than £3bn, which includes property in London and the retail business Arcadia, which owns Topshop, Dorothy Perkins and Miss Selfridge.

The courts could find it difficult to make legal claims on any of the Green family’s assets, given that many of these are under the name of Lady Green and part of a network of offshore companies unconnected to BHS.

Titcomb said: “Our warning notices are targeted at certain targets, so the debt would be collected against these targets and the court would have to go through the normal process of assessing that target’s assets.”

She said TPR was “relentlessly” pursuing the best possible outcome for the 20,000 members of the BHS pension scheme.

Tom McPhail, head of retirement policy at Hargreaves Lansdown, said the prospect of bailiffs seizing Green’s yacht would be “peculiarly appealing” to many people.

He said: “His failure to offer the regulator a comprehensive and credible deal on the BHS pension scheme six months on from his promise to ‘sort it out’ has left no option but to pursue legal enforcement.

“The process will take many months yet though and there is always the possibility that he will yet make an acceptable offer – just possibly the prospect of the bailiffs on the gangplank will focus his mind. In the meantime, the scheme members continue to enjoy the security of the PPF lifeboat scheme, with the hope that a better deal may eventually be secured on their behalf.”

• Philip Green
• Retail industry
• Dominic Chappell
• Pensions industry

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World's largest superyacht: a floating private members' club for billionaires

Fifth of BHS stores empty five years after chain closed

Former Arcadia staff pursue compensation over redundancies

Superyachts and bragging rights: why the super-rich love their ‘floating homes’

BHS buyer Dominic Chappell given six years for tax evasion

Former BHS owner ordered to pay £9.5m to pension schemes

Sun, sea and silver service: what’s it like crewing on a superyacht?

Inside the billionaires' superyachts: helipads, tennis courts and a missile defence system

Former BHS owner Dominic Chappell banned as director

Who wants to serve a billionaire?

Most viewed.

Sir Philip Green Targeted By Comedian Lee Nelson In Yacht Prank

Lee Nelson sails up to the £100m vessel with a banner saying 'BHS Destroyer' and attaches it to the boat.

Wednesday 7 September 2016 11:46, UK

Sir Philip Green's newly built luxury superyacht Lionheart has been dubbed BHS Destroyer in a stunt by a British comedian.

Lee Nelson, who famously threw fake dollar bills at former FIFA president Sepp Blatter , has now targeted the billionaire peer.

Posting pictures of himself carrying out the stunt, Nelson tweeted: "Good of Sir Philip Green to rename his £100m yacht to something more appropriate. I was glad to help."

Sir Philip, former owner of the now-collapsed chain, is currently being investigated by regulators in a probe into BHS' vast pension deficit.

Last month, Sir Philip reacted angrily to attempts by Sky News to question him about the closure of BHS and the loss of thousands of jobs.

The former owner of the business was holidaying on his new yacht in the Greek islands.

Also in August, Sky News revealed he was seeking assurances regulators will abandon the probe if he makes a "voluntary" financial contribution to the retirement pots of thousands of the firm's former employees .

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The precise sum Sir Philip will have to contribute remains subject to weeks or even months of further negotiations, although experts say it will be at least £300m based on talks so far.

The tycoon promised to "sort" the deficit when he appeared before MPs in June, although he has since been criticised by parliamentarians over the lack of visible progress.

Approximately 11,000 people have seen their jobs disappear as a result of the collapse, with Sir Philip shouldering much of the blame in a critical report published by MPs last month.