Meghan Markle and Prince Harry could face the difficult decision of downsizing their luxurious Montecito mansion in California.
Reports indicate that their expansive home carries a mortgage worth $9.5 million (£7 million).
Following their departure as senior members of the British Royal Family in 2020, the couple has been residing in California with their two children, Archie and Lilibet, embracing a more low-key lifestyle.
However, their transition away from royal duties has not come without financial hurdles, as their lucrative $20 million (£15.5 million) Spotify deal abruptly ended, and their $98 million (£76.5 million) Netflix deal is rumoured to be in jeopardy.
Adding to their challenges, the couple's Netflix docuseries, Harry & Meghan, failed to make it to the shortlist of nominations for the prestigious Emmy Awards.
The couple's "ailing brand" may be in need of rescue, according to Closer Magazine.
A source told the magazine that the Duke and Duchess of Sussex are facing "mounting business pressures".
They also stated that the couple are "having to work hard to rescue their brand" because "it's not looking good".
They said that their overheads are "massive" and that they need "huge paydays" to maintain their lifestyle.
As a result, Meghan and Harry might be compelled to downsize their nine-bedroom, 19-bathroom mansion, a prospect that is reportedly "upsetting" for the pair.
A royal insider has recently claimed that Prince Harry and Meghan Markle are reportedly shifting their focus towards their own 'positive' projects after their previous public criticism of the Royal Family.
Since leaving their roles in the British monarchy and relocating to North America, the couple has made several controversial claims about the Royal Family.
These include accusations of racism against Buckingham Palace during their interview with Oprah Winfrey in 2021 and explosive revelations in Prince Harry's memoir, released in December 2022.
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