Catherine Battles Back Tears At Carole Middleton STRUGGLING With Financial Family Issues!

As the parents of Princess Catherine, one might assume that Carole and Michael Middleton are rolling in cash, but sadly, that couldn’t be further from the truth.

In April 2024, while their eldest daughter was fighting for her health amid her recent cancer diagnosis, the Middletons were suffering financially over a staggering debt they had accrued due to insolvency costs from the sale of their business, Party Pieces.

Reports suggest that Carole is desperately trying to keep Catherine fully focused on her recovery. It’s a very worrying time for the family, but they are not looking for any assistance from their children and don’t want them to worry.

Unfortunately, it appears the family’s money woes were a long time coming.

The Middletons’ financial problems first reared their ugly head when Carole opted to sell her 49% stake in Party Pieces to an investment firm. It’s rumored that she did so in an effort to semi-retire and ultimately spend more time with her family.

Sadly, however, the COVID-19 pandemic wreaked havoc on the family’s party planning business. Due to her stepping away, Carole wasn’t fully aware of just how bad things had gotten until it was too late. At that point, Party Pieces was reportedly in debt to the tune of £2.6 million—no doubt a very sobering truth about what was once a multi-million-pound business.

She and her husband soon learned how expensive it is to sell a floundering business. Initially, Catherine’s parents opted to start the process of insolvency—essentially declaring bankruptcy, known as “administration” in the UK.

At that point, the couple hired Interpath Advisory, an insolvency firm, to help them in 2023. With Interpath’s assistance, the Middletons were able to sell their company to Partyman businessman James Sinclair.

While some were quick to point to shady details about Carole as the reason for her financial downfall, Sinclair was quick to come to her defense:

“I don’t think it’s Carole’s fault. She sold half the business at 65 years old to an investment firm, and in my view, they ruined it.”

Alas, selling off such a struggling business proved to be costly. In the end, Michael and Carole racked up a £260,000 debt with Interpath.

Following a progress report from Interpath, the process ultimately took longer than anticipated, thus driving up advisory fees. However, Interpath was careful to note that it was not planning on collecting its fees in full—essentially giving the Middletons what we can only guess is a very welcome break.

Meanwhile, the Royal Family’s finances are once again under scrutiny following news that they are set to receive a record pay increase this year—funded by British taxpayers.

From April, the amount they receive via the Sovereign Grant (funded by the UK’s public purse) will jump by a whopping £45 million, bringing the total to £132 million.

However, when the increase was first announced last year, Buckingham Palace officials made it clear that a huge chunk of that extra cash would be put toward the £369 million bill for long-planned and necessary palace renovations.

The exact amount allocated from this year’s grant for the work has not been made public.

The Sovereign Grant was established in 2012 to help the Royal Family pay for expenses related to their official duties, with the vast majority usually spent on property maintenance and staffing.

When it first came into effect—around the time of the late Queen Elizabeth II’s Diamond Jubilee—the Royal Family had a much larger team of working royals, including Queen Elizabeth, Prince Philip, Prince Harry, and Prince Andrew, which naturally required a larger pool of funding.

With reduced numbers, as royal author Richard Palmer pointed out, “the public is now getting less for their money.”

In addition to public funding, King Charles and Prince William also receive private incomes from the Duchies of Lancaster and Cornwall—land and property portfolios established to generate income for the monarch and heir.

In the last financial year, these duchies yielded the King £27.4 million and the Prince of Wales £23.6 million.

These earnings became the subject of controversy late last year when a UK program, Channel 4’s Dispatches, examined the setup more closely and discovered that the royals were charging the NHS, armed forces, and charities rent on their properties.