Revolut cofounder and CEO Nik Storonsky has been sued by luxury yacht broker Cecil Wright & Partners, which alleges he avoided paying commission on a €350m superyacht. According to court documents seen by the Financial Times, the broker was first contacted in October 2024 to help build a vessel and later asked if an existing boat could be purchased. A 102‑metre yacht built by German shipbuilder Lürssen, featuring an infinity pool, beach club and a gym with cryotherapy, was suggested. In January, Chris Cecil-Wright learned that Nik Storonsky had bought the yacht directly from its seller, former Canadian hockey player Patrick Dovigi, prompting the claim for a 5% commission. A spokesperson for Storonsky’s family office said the claim is without merit and will be defended, while Chris Cecil-Wright declined to comment. The case was filed in London’s High Court.

The dispute centers on whether the broker is entitled to a commission when a client bypasses the intermediary and purchases directly from the seller. Legal observers note that commission agreements in high‑value yacht transactions often hinge on the timing and nature of the introduction. If the broker provided a viable vessel and facilitated the eventual purchase, courts may consider that a contractual obligation exists. Conversely, Storonsky’s side argues that no binding agreement was formed, emphasizing the lack of explicit terms.

This lawsuit highlights the complexities of commission structures in luxury asset deals and may set precedents for future broker‑client relationships in the superyacht market. Stakeholders in similar transactions are advised to document all communications and clarify commission expectations early to avoid costly litigation.