Kate Middleton’s mother, Carole Middleton, is reportedly doing everything she can to defend her daughter from the family’s financial problems.
Carole and her husband, Michael Middleton, have debts of more than $300,000, according to a new report from The Times UK, which claims they were unable to pay back the money after their business went into administration last year.
The financial difficulties come amid the Princess of Wales’ announcement that she is currently undergoing a round of preventive chemotherapy.
“Carole is desperately trying to keep Catherine fully focused on her recovery,” a source told Us Weekly on Thursday, after the Times of London reported the extent of the Middletons’ financial problems.
“It’s a very worrying time for the family, but they don’t seek their children’s help and don’t want them to worry,” the source added, referring to Kate’s sister Pippa and brother James.
“Catherine and her parents are very close and are always testing each other, but talking about the business is off limits as she needs to focus on her health.”
Earlier this week, The Times reported that Michael and Carole’s company, The Event Items Company, is unable to provide the “£260,000 (more than $329,000) in insolvency fees” they owe after falling into administration in last June with more than £2.5 million (US$3.16 million) of debt.
Royal commentator Afua Hagan said Carole would be doing “everything she could” to prevent the princess from “stressing out” amid her highly publicized battle with cancer.
“In the meantime, it’s a difficult time and she will do anything to defend her daughter from this,” Hagan told Us Weekly. “Items from the event collapsed and it was devastating for the family, but Carole will be more concerned about Kate’s welfare now.”
In 2021, the occasion items company launched a retail partnership in America.
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“It’s so exciting to see our collection of event items growing across the U.S., starting with Saker ShopRites, a leading New Jersey retailer and family-owned business with a long history of dedication to consumers and the communities its stores serve,” said Carole . just in time.
However, several key financiers left the company shortly after growth, and Interpath Advisory was appointed to handle the company’s collapse.
Interpath’s restructuring professionals, who charged an “average hourly rate of £566 ($716),” quickly racked up a bill of more than $329,000.
Meanwhile, Kate, 42, is in hiding with her husband Prince William and their children Prince George, 10, Princess Charlotte, 8, and Prince Louis, 5, after telling the world her cancer prognosis “It was like a huge shock here.”
“William and I have done everything we can to resolve and deal with this privately, for the sake of our young family,” she said in a video released by Kensington Palace last month, following a flood of conspiracy theories about her prolonged absence from the general public eye.