Prince Harry and Meghan Markle have been cautioned by an expert regarding the significant financial impact they could face if their royal titles were to be stripped away.
The potential loss of their titles could result in the couple losing millions of pounds, according to the expert’s warning.
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In early 2020, the Duke and Duchess of Sussex distanced themselves from the royal family and relocated from the UK to the US.
However, they have managed to retain their royal titles thus far.
During this time, they have also secured numerous lucrative commercial deals, including a multi-year agreement with Netflix worth tens of millions of dollars.
Conservative Party MP Bob Seeley has proposed the adoption of laws that were originally passed during World War I to deny German nobles their British titles.
This bill, if enacted, could potentially force the House of Commons to consider stripping Prince Harry and Meghan Markle of their titles, reducing them to simple Mr. and Mrs.
Under current legislation, only King Charles III, Harry’s father, would have the authority to remove their titles through an Act of Parliament.
However, this situation could change if the proposed bill becomes law.
Mark Boardman, an entertainment and showbiz expert with over two decades of industry experience, has issued a warning about the severe financial consequences that Prince Harry and Meghan Markle could face if they were to lose their royal titles.
Boardman emphasized that the costs associated with losing their titles could be substantial, not only in terms of immediate financial impact but also the long-term effects on their earning potential.
The potential loss of titles could result in financial penalties or contractual repercussions tied to their existing agreements, potentially amounting to millions of dollars.
This would particularly impact their lucrative commercial deals, potentially leading to a significant yearly loss of income.
Boardman also highlighted that the public’s reaction to the loss of titles may vary depending on the country, with the UK and the US likely experiencing the most significant effects.
The impact on their standing and reputation would be substantial, as some may view it positively as a step towards independence while others may perceive it negatively as a departure from tradition.
Although Meghan Markle’s popularity in the US is influenced by factors beyond her royal titles, such as her individual achievements and personal qualities, the turmoil within the royal family would undoubtedly make headlines and could lead to a decline in her popularity that might take years to recover from.
Furthermore, a PR strategist, Laura Perks, has warned that if Prince Harry and Meghan Markle were to be stripped of their royal titles, their reputation as a couple and as individuals would be completely ruined.
Perks stated that without their titles, they would face uncertainty and a loss of direction.