Meghan Markle & Prince Harry still owe £78,500 to charity as their foundation finally closes & last tie to UK is severed
PRINCE Harry and Meghan Markle still owe £78,500 to charity as their foundation finally closes – severing their final tie to the UK.
The couple's MWX Foundation, formerly Sussex Royal, is in liquidation but has not paid off the unnamed non-profit, papers released today revealed.
The report said a claim of £213,000 had been received from a creditor relating to a grant due to a "not-for-profit enterprise".
A total of £134,500 has been paid off, according to the most recent figures, leaving £78,500 left to hand over.
The Duke and Duchess of Sussex began winding up MWX a year ago, declaring all of its debts would be paid in full within 12 months.
But more than 12 months later and the outstanding amount on the Companies House document remains.
It reads: "The charity has sufficient funds to settle the claim in full and a final dividend is to be made shortly to pay the remaining balance."
The couple have secured multimillion pound deals with Netflix, Spotify and publishers since ditching royal duties so could cough up from their personal accounts if necessary.
The Sun Online has contacted representatives for the Sussexes to confirm when the overdue sum will be paid, but it is understood the delay could be down to the Charity Commission's now closed investigation.
A probe was launched into the transfer of funds to Travalyst, a private company in which Harry owns 75 per cent of the shares, but the review found it was in line with the governing document and allowed under charity law in May.
The duke and duchess welcomed the outcome, with their spokesperson criticising the "baselessness of the claims".
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The latest paperwork also revealed Meghan, 40, and Harry, 36, will spend £36,000 pulling the plug on the short-lived good cause after moving to the US with large fees due to lawyers and accountants.
They founded the outfit in 2019 and called it Sussex Royal – The Foundation of the Duke and Duchess of Sussex.
But they were told they couldn’t trade on their royal titles after they announced they were stepping back from court life and they changed the name to MWX Foundation.
They appointed liquidators a year ago, and a report by Smith & Williamson filed this week revealed the concern had £289,106 held in an account with Coutts & Co when they were called in.
It said the body had a wholly-owned subsidiary – Harry and Meghan’s trading arm MXH Trading Ltd – which is also being wound-up voluntarily by the couple.
The document said that £26,000 will go to Harbottle & Lewis for legal representation and £10,000 to liquidators.
The couple faced criticism earlier this year for spending £300,000 to start their Sussex Royal foundation only to quit 12 months later.
The organisation spent half the money on legal and admin fees setting it up and closing it down.
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