Prince Harry and Meghan Markle Are ‘Relieved and Pleased’ To Pay off the Millions Used To Renovate Frogmore Cottage, Insider Says
Since there was much hoopla about the £2.4 million they used in taxpayer dollars to renovate their U.K. home, Frogmore Cottage, the duo also announced they would be repaying it.
Now, just nine months after Megxit the couple has repaid their entire renovation costs and they couldn’t be more thrilled.
Royal experts have been urging Prince Harry and Meghan Markle to pay back millions of taxpayer dollars
When news of the Sussexes mega-watt deal with Netflix hit the press, royal experts were alarmed. Apparently, the pair did not inform members of the royal family, nor Queen Elizabeth II about their plan to work with the streaming service. A royal source told The Sun,
Harry did not inform the Queen about the Netflix deal. Her Majesty is all too aware of the pitfalls of when senior royals embark on lucrative projects—Prince Edwards’ production flop and some of the deals Sarah Ferguson has signed over the years to name a few. Her view is simple, the Royals are not for sale and danger surrounds high profile roles outside of the institution itself. But knowing her grandson Harry as she does, the Queen will know there would have been little chance of talking Harry and Meghan out of it.
The Netflix news also reminded royal experts that the Sussexes still owed £2.4 million for the renovations used for their U.K. home, Frogmore Cottage.
“I’ve read all the facts of the case and clearly anyone who has borrowed taxpayers’ cash needs to pay it back as quickly as possible,” Sir Geoffrey Clifton-Brown, deputy chair of parliament’s Public Accounts Committee told The Telegraph. “£2.4 million is a lot of money and even if you paid back £250,000 a year it would still take a decade.
Meghan Markle and Prince Harry repaid the renovation cost for Frogmore Cottage in one lump sum
Meghan and Prince Harry had been paying back the money in monthly installments. However, their Netflix deal which was reportedly worth upward $100 million, allowed them to pay back the entire debt in on lump sum.
“A contribution has been made to the Sovereign Grant by the Duke of Sussex,” a spokesperson for the couple told People in a statement. “This contribution as originally offered by Prince Harry has fully covered the necessary renovation costs of Frogmore Cottage, a property of Her Majesty The Queen, and will remain the U.K. residence of the Duke and his family.”
Prince Harry and Meghan Markle are ‘relieved and pleased’ to pay off their Frogmore Cottage renovation
Since announcing Megxit, the Sussexes have made it clear that they wanted to become financially independent of the British royal family. Though Prince Charles had helped them stay afloat prior to the Netflix deal, the couple brought their $14.7 million Santa Barbara home on their own. An insider told The Telegraph, “They are not receiving support in any way shape or form from any external person other than themselves.”
Now, it looks like this Frogmore repayment has allowed them to sever ties with the royals completely.
“They are ‘very relieved and very pleased’ to have been able to pay off the debt so quickly,” a source told Vanity Fair‘s Katie Nicholl. “This has been a pro-active step and something they wanted to do from the outset. There was no requirement [from the Queen] for them to pay the money back but it was important to them that they did, and after the Netflix deal they were in a position to do so. I think this is quite a significant moment for them.”