|The Diana Princess of Wales Memorial Fund ran into a financial crisis after Franklin Mint decided to sue the fund for £15 million. Over 100 charities expecting grants from the fund face either cutbacks or out and out closure.|
Initially it seems a bit mean of Franklin Mint, the tacky memorabilia company, to be suing a fund set up to finance charities around the world. However it turns out that Diana’s fund has been taking Franklin Mint to court for years because it sold a variety of Diana memorabilia, including those tacky plates with the Princess’ face on it. The fund apparently wanted exclusive rights to the image of the late Princess, which it uses itself to raise cash.
Despite trawling Mint through the US courts for about six years, the fund was unsuccessful. Clearly fed up with the insistent badgering, Mint has now decided to get its own back, suing the fund for malicious prosecution. Can that be used in the US by someone on trial for a murder they didn’t commit yet could be sent to the chair for?
Anyway, because of the legal action taken against the memorial fund it decided to freeze all aid after declaring a financial crisis. As for the charities hoping to be fed by the fund, it looks like the UK’s National Lottery money will be used to bail them out. Hurrah! Gambling to the rescue. Nice to know it’s not just an evil, socially damaging vice.
As for the constant bickering over who controls the late Diana, it’s bizarre that it might lead to the very downfall of the organisation set up to maintain her legacy that started the whole fight in the first place.