This is because it is so expensive – about £ 11.2million ($ 14.7million) with about £ 45,000 ($ 50,000) per month mortgage payments – which puts a lot of pressure on the Sussex to make a lot of money fast. This is compounded by the fact that, due to the coronavirus crisis, they have been unable to make money too late, or that is now through speeches through their public speaking agency, the Harry Walker Agency, or through business partnerships. This means that once they can work well again, they may be forced to sign all sorts of business deals and sponsors who may not display the image they – or indeed the Royal Family – want to display.
However, if they had opted for a more modest place of residence, the mortgage would not have been so steep and they would have been less desperate to earn.
There’s also the issue of Frogmore Cottage, and how the royal couple have not yet repaid the £ 2.5 million they paid the taxpayer for the renovation.
It is probably a bad idea to splash out on a mansion before repaying what they owe, especially if there has been no transparency in terms of what the arrangements are for repaying the money.
Pod Save the Queen is hosted by Ann Gripper and features royal editor Russell Mirers of Daily Mirror.
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The new home of Meghan and Harry could jeopardize the royal market according to expert (Image: GETTY)
Meghan and Harry bought a mansion in Santa Barbara (Image: GETTY)
Mr Myers claimed there was a “nervousness” in the Palace about what kind of market deals Meghan and Harry could do going forward and how that would reflect on the wider family, and that nervousness has probably increased after the news came out over the mansion Montecito.
He said: “You can bet your bottom dollar that people in the Palace here are getting a little nervous about it.
“Because what it means is that the nervousness that had previously existed about what kind of companies they would do, what kind of sponsorship, what kind of tie-ins they would do with big brands to earn money to facilitate this fabulous exclusive lifestyle that they have made for themselves that nervousness is very real.
“Well, the fact is that the coronavirus crisis is currently putting a pin in their balloon of dreams and they can go ahead with nothing.
Prince Harry has already spoken at a JP Morgan event (Image: GETTY)
“They’re obviously turned up on Zoom calls, talking about civil rights and what do you have … well, that will not bring in the cold hard cash they need to live.
“And sure, if you have a mortgage that beats $ 8 million, then that has to be paid off and, of course, they have a few million in the bank, but they’ll have to cover the cost and seek financial freedom here.” t they are constantly talking about.
“Who knows what the next year will look like, but it’s very real, because we were talking about the fact that they would make business promises and these speeches, which they would make hundreds of thousands of dollars net for each speech. – well, none of them are happening at the moment, so the problem is, where will they start earning money?
“And should they ever be in a situation where their resources are depleted, Prince Charles will stop funding them in about six months, and they will have to continue signing offer agreements and sponsorships to stay afloat – and what that means for the real world. royal brand? “
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The Duke and Duchess of Sussex have yet to repay all the money for renovations to Frogmore Cottage (Image: GETTY)
Despite Meghan and Harry’s decision to act as senior royals and move to California, it’s still inevitable that everything they do is linked to the royal family.
The couple still holds the Duke and Duchess titles, are patrons as presidents of various charities and organizations, including The Queen’s Commonwealth Trust, and eventually Harry will always be the queen’s grandson, and son of the future king.
This means that all the commercial deals they enter into reflect on the royal family.
Mr Myers added that the refunds from Frogmore Cottage are also a legitimate thing to ask questions.
He said, “Well, again, this is their money, they are fabulously rich, why should we bother?
“Well, the reason people are bothering here is because they still have not repaid the £ 2.5 million they took from the taxpayer to renovate Frogmore Cottage.
“And part of the original bill was that they agreed to give it back and we do not know yet, it is still a secret whether they have made arrangements to repay that money, what a deal they are. pay.
“It was rumored that it was about £ 30,000 maintenance from Frogmore Cottage, they had agreed to market rent on the property.
He added that the purchase of Montecito mansion “probably has opened more questions than it has settled” at the moment.
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