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Spanish gov't says luxury yacht no longer wanted by king will be returned to donor group

The Spanish government says a luxury yacht no longer wanted by King Juan Carlos will be returned to the business group that donated it to the monarch.

Deputy Prime Minister Soraya Saenz de Santamaria said Friday the government had agreed to return the 41-meter (135-ft) "Fortuna" donated by Balearic Islands' Fundatur foundation in 2000 and that it would be up to the foundation to decide the vessel's future.

The foundation asked for the boat back after the royal palace in May asked the government to take it off the king's hands.

The king's decision was seen as belt-tightening measure as Spain braves a severe economic crisis. It comes as the monarchy's popularity had plunged to an all-time low following scandals that have tarnished the family's image.