Buenos Aires, Argentina — Argentina is set to pay the yacht’s owners more than $7 million, the latest in a string of big-money payouts for the sport.
Argentina’s navy is reportedly paying $732,000 to the owners of the Arthur Blank, a luxury yacht owned by former U.S. presidential candidate Bernie Sanders.
Sanders, a self-proclaimed socialist, said in 2015 that he wanted to buy the yacht because it was in need of repairs and that he could sell it for a profit.
The yacht was built in 2007, but the last official sailing by Sanders’ yacht was in 2015, the last time it was seen in the Caribbean.
Sanders was not immediately available for comment.