Netflix Deal: Prince Harry Shells 3 Million Dollars As Payback Of Frogmore Cottage Renovation

It’s official. Prince Harry and Meghan Markle have fully recovered the renovation costs of their Frogmore Cottage. The renovations of the U.K. home added up to approximately $ 3 million, which was originally paid by the Sovereign Grant -- a U.K fund for the royals, which is maintained by taxpayer’s money.

A statement released on Monday by the spokesperson for the Sussexes read as follows: “A contribution has been made to the Sovereign Grant by the Duke of Sussex. 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.”

The decision fuels the fact that Harry and his wife always harbored the desire to become financially independent, and not bank on public money. They had, time and again, reiterated their interest to pay back the funds that were received from the Grant.

“It is an important step that they have wanted to take,” said a source close to the couple. “It is something they have proactively wanted to do since the word go. They have taken the initiative to do so,” added the source.

Speculations are rife that Harry and Markle almost struck gold with the new multimillion-dollar Netflix deal, as the complete payment wasn’t really on the cards for the couple who initially envisioned to pay the renovation costs via installments.

Harry and Markle shifted base to Frogmore Cottage in April last year, shortly before the arrival of their son Archie. They had stepped down from their royal duties in January, after consulting with the Queen and other senior royal members.

On the other hand, the grapevine has it that the couple was swamped with public calls urging them to settle the amount, ever since their lucrative Netflix deal was announced last week. The source however maintained that the Monday news doesn’t have anything to do with that.

Harry and Markle have been on a lucky streak, financially, in the past few weeks ever since they moved into their new address in Santa Barbara. Reliable sources suggest that their new home was procured via a mortgage.