Meghan Markle and Harry join private members’ club with ‘£240k initiation fee’

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Meghan Markle and Harry have signed up to a swanky a private members’ club located near their new mansion.

The couple will have to fork out an eye-watering £240,000 “initiation fee” at the Coral Casino Beach and Cabana Club, sources close to the pair claim.

They will also have to shell out an annual membership charge for the club which has Michael Douglas, Catherine Zeta-Jones and Ellen DeGeneres as members.

The venue, which has a 600 member capacity, is part of Santa Barbara’s Four Seasons resort and is not far from the mansion they bought in Montecito in her native California.

There are a whopping 22 acres of gardens on site as well as  a saltwater aquarium bar with 450 types of tropical sea creatures and a kids' pool.

Guests can also rent the private Cabana 24, which has its own two-storey sundeck and private butlers.

The Duke and Duchess of Sussex, who quit the royals this year, recently shelled out £11.2 million on a new family home.

The 18,000-square foot property in Santa Barbara boasts a nine bedrooms, a tennis court, and a pool.

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Prince Harry reportedly lent on the bank of dad for helping buying the house – which the couple say will be their family home for baby Archie.

But they have been warned they will need to start earning if they want to afford the lifestyle.

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  It is reported that the pair paid a £3.8million deposit to City National Bank, leaving a £7.4million mortgage over 30 years at £34,750 a month.

That is a staggering £417,000 a year.

They are also already paying back £18,000-a-month for the £2.4million revamp of their old home in Windsor, Frogmore Cottage.

  • Meghan Markle
  • Prince Harry

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