Reading Football Club's controversial owner Dai Yongge has been living the high life as a neighbour of King Charles III, living in a mansion across the road from Buckingham Palace.

Mr Yongge eight bedroom mansion in Westminster is currently on Rightmove for £45 million.

Spanning seven storeys and complete with its own swimming pool and gym, the property makes up part of Mr Yongge's large property portfolio.

Reading Chronicle:

Rightmove has described the property as: "An elegant white stucco fronted Grade II Listed house, situated to the side of Buckingham Palace.

"The property comprises over seven floors, offering eight bedrooms (six principal bedrooms plus two staff).

Reading Chronicle:

"The house was meticulously refurbished in 2014 and is distinguished by its grand proportions and impressive volume."

The vast number of rooms, including eight receptions rooms and nine bathrooms, add to the houses living space, described as "elegant, spacious and bright".

Reading Chronicle:

"The house includes an outstanding range of amenities which includes an impressive spa with a 10m swimming pool, sauna, gymnasium and treatment room, in addition to private garaging accessed from Stafford Place to the rear," Rightmove added.

There is also a passenger lift serving each floor, air conditioning to all rooms and concierge / security is provided by the adjacent apartments’ concierge service at No.7-9 Buckingham Gate (The Buckingham)."

The news of Mr Yongge's property hitting the market comes after months of chaos for Reading Football Club.

After months of failing to pay overdue bills to HMRC, Mr Yongge cleared his debt this week avoiding a trip to High Court next month.

The Royals, facing EFL punishments for unpaid tax, had been more than 80 days overdue when only allowed up to 30 days in a calendar year.

The club had defaulted in relation to the amount owed to HMRC for September and October 2023 and as a result, was under a registration embargo.

Punishments remain outstanding from the EFL, as do individual proceedings against Mr Yongge personally.

The Chinese businessman is in talks with multiple parties over the sale of the football club, although exclusivity is still yet to be awarded to any group.