Nacho Figueras, a longtime friend of Prince Harry, has reportedly cut ties with the Duke of Sussex after Harry borrowed money from him to pay for polo club fees and horses.
Figueras, a former professional polo player who is now a successful businessman, is said to have been upset by Harry's financial struggles and his decision to step back from royal duties.
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"Nacho is a very loyal friend, but he's also a very successful businessman," a source told The Sun. "He doesn't want to be associated with someone who is constantly asking for money."
Harry has been struggling financially since he and Meghan Markle stepped back from royal duties in 2020. The couple reportedly have a net worth of around $10 million, but they have been spending lavishly on everything from private jets to security guards.
In recent months, Harry has been trying to raise money by playing polo. He has also been working on a memoir, which is expected to be released later this year.
It is unclear how much money Harry borrowed from Figueras, but it is believed to be a significant amount. The source said that Figueras was "very angry" when he found out that Harry had used the money to pay for polo club fees and horses.
"Nacho feels like he's been taken advantage of," the source said. "He's not the only one who's lent Harry money, but he's the only one who's cut ties with him."
The rift between Harry and Figueras is the latest sign of the Duke's deteriorating relationship with his friends and family. In recent months, Harry has also fallen out with his father, Prince Charles, and his brother, Prince William.
It is unclear what the future holds for Harry, but it is clear that he is facing a number of challenges. He is struggling financially, he is estranged from his family, and he is under increasing scrutiny from the media.