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EXCLUSIVE Revealed: Deeply unpopular Chinese billionaire accused of 'running Reading FC into the ground' is King Charles's neighbour - after he added stunning multi-million pound London mansion to his vast property portfolio

Related Topics: Reading, Kieran Maguire

A Chinese multi-billionaire partly responsible for the ongoing demise of one of England's oldest football clubs is King Charles III's neighbour, MailOnline can reveal.

Dai Yongge, 55, is better known in the UK as the deeply unpopular owner of the fifth oldest club in the Football League - Reading FC, nicknamed the Royals.

Known by his family as Mr Dai, Reading fans accuse the Chinese retail tycoon of driving the club into the ground, landing them with transfer embargoes and points deductions through poor financial management.

It also seems his love of the royals stretches far beyond Reading FC, for MailOnline can reveal Dai lives in a swanky mansion near Buckingham Palace worth nearly £100million.