Sugar Daddy parties 'not promoting prostitution'
PARTIES at which young women agree to enter relationships with wealthy older men in return for large sums of money are set to take place in Britain after developing a following in the United States.
The American organisers of 'Sugar Daddy Parties', where "mutually beneficial arrangements" worth tens of thousands of dollars per month are struck over cocktails in New York nightclubs, are now seeking venues in London.
They denied they were encouraging prostitution and said they already have thousands of British 'sugar babies' waiting to meet rich patrons.
Typically, they are women in their early 20s seeking to pay university fees or fund glamorous living.
"We have perfected our parties and are now ready to launch in even bigger markets like London," said Brandon Wade, the chief executive of Seeking Arrangement. "We are due to start early in 2012."
A recent party at New York's Hudson Terrace bar was attended by about 600 people. 'Daddies', aged 38 on average, were charged $100 (€71), while 'babies', typically 12 years younger, paid $40 (€28). Women outnumbered men by two-to-one, the organisers claimed.
"$500 per date is common," said Mr Wade. "But we know of arrangements worth $10,000 and $20,000 per month."
Among the daddies was Gianni Russo, a 67-year-old actor from New York who appeared in 'The Godfather' and has been married 10 times. "I am just an old man looking for a friend," he told onlookers.
Mr Wade (41) rejected suggestions that his company was encouraging prostitution. "People may feel obligated," he admitted.
"But no one is required to do anything that they don't want to. There has to be chemistry, otherwise the relationship just would not work." (© Daily Telegraph, London)