Prince Harry and Meghan could be facing financial problems very soon

-Credit: (Image: KOLA SULAIMON/AFP via Getty Images)
-Credit: (Image: KOLA SULAIMON/AFP via Getty Images)

Prince Harry and Meghan Markle might be heading towards a financial crunch within the next year, according to a royal expert.

The Duke and Duchess of Sussex famously stepped back from the Royal Family in 2020. Shortly after their announcement to resign as senior royals, Harry and Meghan relocated from Windsor to Montecito in sunny California.

Since their move stateside, the Sussexes have been busy creating a new life for themselves and their two little ons, Archie and Lilibet, not to mention carving out their brand with various ventures including deals with big names like Netflix.

READ MORE: Filter that makes 'water taste lovely' and 'lasts for 6 months' is £17 off

Back in 2020, amidst the whirlwind of leaving Royal duties behind and setting up shop in the US, Harry and Meghan signed a lucrative contract with the streaming powerhouse. The couple's five-year agreement with Netflix, through their Archewell production company, was reportedly worth a staggering $100 million (£80 million).

However, with the contract nearing its end, there are whispers of potential money woes for the pair if a renewal doesn't come through. Royal commentator Richard Fitzwilliams told The Mirror: "They are working on new programmes for Netflix and Meghan has launched her lifestyle blog, American Riviera Orchard."

"They have lost Spotify, rather curiously Lemonada Media, which Meghan has joined, reportedly intends to place her podcasts on ice until next year. Nothing has come of rumours about Meghan and any political ambitions she might have."

He continued: "Yet since their $100 million contract with Netflix began, they have done hardly anything for it. It runs out next year and Netflix are no longer producing the series of The Crown, as they previously were. They might therefore have less interest in the Sussexes."

Mr Fitzwilliams then cautioned: "If they lost this contract, with Archewell, their business and charitable foundation, having so few donors, they might well be in financial trouble. Since their exposes of royal life has made megabucks, but little else has made money, the Royal Family better hope that this unpredictable and ruthlessly ambitious couple stays with Netflix."