BREAKING NEWS

Controversial Business Mogul Is Mystery Buyer Of David & Victoria Beckham's $19 Million English Estate

//david victoria beckham beckingham palace

Mar. 16 2014, Published 11:38 a.m. ET

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The secretive buyer of Victoria and David Beckham's English country estate has finally been uncovered.

He's Neil Utley, who paid $19 million for the estate, dubbed Beckingham Palace.

He bought it right after receiving a huge windfall thanks to Goldman Sachs buying a 50 percent interest in his UK insurance firm, Hastings Direct.

A year ago, Utley was in hot water in his industry.  He was fined $215,000, banned from working in the Lloyds market for two years and had to admit to "determental conduct" at his previous company, UK's Insurance Age reported.

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