Even the legal experts in Denmark at the time thought so. And this made Frederik 7's widow, Countess Danner the heiress of an immense fortune, the accumulated "Oldenburg Inheritance", which she donated to charity, leaving nothing to the new dynasty, the Glücksborgs, who were not very well off at all.
Anyway, it doesn't really matter, since Philip chose to to be connected to his mother's family rather than his father's family. And just like Philip chose his own identity and name, the same way the Danish royal family chose their idententity and dynastic name.
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Or they could have just gone up the tree a bit and used a translation of Oldenburg, which is the larger house to which Philip and his agnatic descendants belong — Oldcastle.
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