I was reading an article about the Disney deal and the fight they were having with Governor DeSantis and the following content blew my mind:
“The Walt Disney Co. used a legal clause that name checks King Charles III to apparently thwart Florida Gov. Ron DeSantis’ attempt to strip the company of its self-governance power in the state.
The agreement includes a royal clause that dates back to 1692 in Britain and would extend its term limit for decades.
This “Declaration shall continue in effect until 21 years after the death of the last survivor of the descendants of King Charles III, King of England, living as of the date of this declaration,” the document said. This kind of clause is most often used in the U.K., typically when it comes to trusts, and provides a buffer against perpetuities.
“So, as long as one of those grandchildren makes it 80, this clause would be there for 100 years,” explained Robert Lord, senior advisor on tax policy at progressive group Patriotic Millionaires.“
You can read the entire article here: Disney blocks Ron DeSantis’ Florida power play with a royal family clause
WOW!! Are you wondering what I’m wondering? Such as:
- What the hell is going on here?
- Why isn’t anyone – the media and the Governor – talking about about this King Charles deal?
- Why is London involved with the business and government dealings of the USA?
We reached out to two highly educated attorneys who had no idea what this means.
If any of our readers can figure it out, please make comments about this article. We will also be doing our own research to figure out why America’s iconic Disney – an American corporation – answers to the King of England.
Nothing will surprise us so bring it on with your ideas!