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‘Beckingham Palace’ sold: David Beckham and Posh land $19 million

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David and Victoria Beckham have sold “Beckingham Palace” – the sprawling mansion they bought soon after they married in 1999, and where their older children started to grow up. It’s where the family called home, that is, until Beckham’s sporting life began sending him to teams in locations too far to commute, reports International Business Times on Sunday, March 16. Stints with Real Madrid, in Spain, and the LA Galaxy, in the U.S. gave the growing family too many home fronts.

The buyer, who dropped a reported $19 million dollars, is insurance mogul Neil Utley. Utley is chairman of the Hastings Insurance Group and one of the richest men in the United Kingdom. He recently paid a huge fine for “detrimental conduct” involving a business deal.

The house is designed for a large family. It has seven bedrooms, a gym, and an indoor swimming pool. Of course, it has a professional-quality football pitch of its own, not to mention a snooker room and a maze.

“Beckingham Palace” sold because the family now needs space of their own nearer to London, where Victoria Beckham – the former Posh Spice – conducts her clothing design business and where David Beckham runs his modeling career, among other things, including a restaurant. Proposed plans include an even more expensive home base in Kensington, with a custom-designed five-star kitchen. Times and lives move on.

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