‘I’m no spoilt brat’: son and ‘sickened’ dad all at sea over R20m yacht
A dispute about the control and proceeds of a charter business is tearing a Cape Town family apart
A tussle over ownership and control of a luxury yacht has sunk a wealthy Cape Town businessman’s relationship with his son.
Boat manufacturer Peter Wehrley and his son, Mark, have been communicating through lawyers for some years. Mark traces the impasse to a R20m yacht his father’s company, Matrix Yachts, built in 2015. He had a 10% share in the business.
According to Mark, he reached an agreement with Matrix that he would use the yacht, Mirage, to operate charters and trips from Cape Town’s V & A Waterfront. But a dispute over the expense of building the yacht, its control and the proceeds of the charter business strained the relationship between him and his parents...