{"id":186711,"date":"2023-10-02T08:49:08","date_gmt":"2023-10-02T12:49:08","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=186711"},"modified":"2023-10-02T08:50:18","modified_gmt":"2023-10-02T12:50:18","slug":"letter-alpha-nero-and-what-it-means-for-antigua-barbudas-economy","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/letter-alpha-nero-and-what-it-means-for-antigua-barbudas-economy\/","title":{"rendered":"LETTER: Alpha Nero and what it means for Antigua & Barbuda’s economy"},"content":{"rendered":"
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Dear Readers,\u00a0<\/span><\/p>

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As a businessperson in Antigua & Barbuda, I want to share a different perspective on the Alpha Nero\u00a0 situation and what it could mean for Antigua & Barbuda’s economy and the foreigners interacting with\u00a0 this beautiful country.\u00a0<\/span><\/p>\n

The Alpha Nero story is a saga that could become a movie, with many locals politicizing the situation and others thinking we are doing the right thing. <\/span><\/p>

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However, the majority knows that our country is in an\u00a0 increasingly worse predicament, particularly how things started with sudden questionable changes to\u00a0 our laws to acquire it, and how things have since transpired between the numerous litigations and poor\u00a0 taxpayers feeling the brunt of funding the upkeep of a luxury item designed for the 0.01%, not the 1%.\u00a0<\/span><\/p>

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As Antiguans, we know the government’s landgrab tactics and shady dealmaking, many leading to failed\u00a0 projects. However, what’s different here is that we are not just at legal war with a multibillionaire’s\u00a0 estate but indirectly fighting Russia’s leader, Vladimir Putin; otherwise, the yacht would not have been\u00a0 sanctioned. <\/span><\/p>\n

Right now, we are personally attacking the demographic that every vacation country seeks to\u00a0 attract: the super-wealthy. We are also attacking a major ally of China, a country we rely on heavily for\u00a0 financing.\u00a0<\/span><\/p>

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What is especially worrying is that even when this ship has sailed, if it happens, Antigua & Barbuda’s\u00a0 reputation will be tarnished, and we will have many years of expensive litigation against individuals with\u00a0 unlimited capital. <\/span><\/p>\n

In the world’s billionaire community, it is safe to assume they are familiar with each\u00a0 other. Despite our beliefs and doings in our tiny “bubble,” we live in a world of instant information.\u00a0<\/span><\/p>

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These individuals power our yachting community, and seeing how this event took place, with the seizure\u00a0 of one of their prized assets, it is not difficult to imagine a situation where their friends and associates\u00a0 divert their yachts to other islands.<\/span><\/p>

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Warren Halle, the latest billionaire suing Antigua & Barbuda for\u00a0 running a shoddy yacht auction, is also one. Even the auction winner, Eric Schmidt, left this country with\u00a0 a bad taste in his mouth and perhaps left money on the table, which he may also pursue; I know I would.\u00a0<\/span><\/p>\n

I am saying, liken our problem to a bad restaurant experience. If you experience it, you tell your friends\u00a0 and family to avoid the restaurant at all costs. Antigua & Barbuda is no different. We pride ourselves on\u00a0 our pristine beaches and poor customer service (joke), but the reality is that nearly every island in the\u00a0 Caribbean provides the same view; we are not unique.\u00a0<\/span><\/p>\n

Antigua & Barbuda has always been in the headlines, even being the opening paragraph in a book called\u00a0 The Sink – Terror, Crime and Dirty Money in the Offshore World, which is about shady dealings and\u00a0 laundering money.\u00a0<\/span><\/p>\n

From the public’s perspective, there is not much we can do besides seeing how things play out because\u00a0 our reputational damage is already done. We can only hope that Alpha Nero does not have lasting\u00a0 effects on our future. <\/span><\/p>\n

Imagine no longer having Falmouth and Jolly Harbour crowded with the\u00a0 superyachts we typically see and enjoy. Often, the vessels serve chartered guests, not the owner, so\u00a0 choosing not to visit our country is an easy decision to make.\u00a0<\/span><\/p>\n

I saw that Antigua & Barbuda was recently represented at the Monaco yacht show. I would love feedback\u00a0 from the delegates on how many questions they had to answer concerning Alpha Nero. For those who\u00a0<\/span>politicize every story, this one should be an exception. <\/span><\/p>\n

Whether it is ABLP or UPP in power, reversing\u00a0 what is already done will take much effort and money. Unfortunately, it lies with the taxpayers.\u00a0<\/span><\/p>\n

God bless this nation.<\/span><\/p>\n

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Dear Readers,\u00a0 As a businessperson in Antigua & Barbuda, I want to share a different perspective on the Alpha Nero\u00a0 situation and what it could mean for Antigua & Barbuda’s economy and the foreigners interacting with\u00a0 this beautiful country.\u00a0 The Alpha Nero story is a saga that could become a movie, with many locals politicizing […]<\/p>\n","protected":false},"author":12,"featured_media":186164,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-186711","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nLETTER: Alpha Nero and what it means for Antigua & Barbuda's economy - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/letter-alpha-nero-and-what-it-means-for-antigua-barbudas-economy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LETTER: Alpha Nero and what it means for Antigua & Barbuda's economy\" \/>\n<meta property=\"og:description\" content=\"Dear Readers,\u00a0 As a businessperson in Antigua & Barbuda, I want to share a different perspective on the Alpha Nero\u00a0 situation and what it could mean for Antigua & Barbuda’s economy and the foreigners interacting with\u00a0 this beautiful country.\u00a0 The Alpha Nero story is a saga that could become a movie, with many locals politicizing […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/antiguanewsroom.com\/letter-alpha-nero-and-what-it-means-for-antigua-barbudas-economy\/\" \/>\n<meta property=\"og:site_name\" content=\"Antigua News Room\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/antiguanewsroom\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-02T12:49:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-02T12:50:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mlavawteztbj.i.optimole.com\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2023\/09\/alfa-nero.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"2000\" \/>\n\t<meta property=\"og:image:height\" content=\"1026\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"anr_staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@AntiguaNewsRoom\" \/>\n<meta name=\"twitter:site\" content=\"@AntiguaNewsRoom\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"anr_staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/antiguanewsroom.com\/letter-alpha-nero-and-what-it-means-for-antigua-barbudas-economy\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/antiguanewsroom.com\/letter-alpha-nero-and-what-it-means-for-antigua-barbudas-economy\/\"},\"author\":{\"name\":\"anr_staff\",\"@id\":\"https:\/\/antiguanewsroom.com\/#\/schema\/person\/f66ae26f5698168092c3ef9bccb12038\"},\"headline\":\"LETTER: Alpha Nero and what it means for Antigua & Barbuda’s economy\",\"datePublished\":\"2023-10-02T12:49:08+00:00\",\"dateModified\":\"2023-10-02T12:50:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/antiguanewsroom.com\/letter-alpha-nero-and-what-it-means-for-antigua-barbudas-economy\/\"},\"wordCount\":668,\"commentCount\":9,\"publisher\":{\"@id\":\"https:\/\/antiguanewsroom.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/antiguanewsroom.com\/letter-alpha-nero-and-what-it-means-for-antigua-barbudas-economy\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mlavawteztbj.i.optimole.com\/w:1920\/h:984\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2023\/09\/alfa-nero.jpeg\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/antiguanewsroom.com\/letter-alpha-nero-and-what-it-means-for-antigua-barbudas-economy\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/antiguanewsroom.com\/letter-alpha-nero-and-what-it-means-for-antigua-barbudas-economy\/\",\"url\":\"https:\/\/antiguanewsroom.com\/letter-alpha-nero-and-what-it-means-for-antigua-barbudas-economy\/\",\"name\":\"LETTER: Alpha Nero and what it means for Antigua & Barbuda's economy - 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