A businessman and champion motor racing driver embroiled in a long-running court fight over money with his estranged wife must sell his yacht, a judge has said.

Mr Justice Mostyn made a ruling on Tuesday while overseeing the latest stage of the battle between Andy Ruhan and Tania Richardson-Ruhan, who lived together in Shire Lane in Chalfont St Peter.

The judge, who conducted a virtual hearing in the Family Division of the High Court, heard that the yacht, called Babylon, is thought to be worth more than £2.5 million.

Mr Ruhan and his estranged wife, who are both in their 50s, have been embroiled in litigation for more than two years following the breakdown of their marriage.

Mrs Richardson-Ruhan won the first stage in late 2017, when Mr Justice Mostyn concluded that Mr Ruhan was worth more than £85 million.

Mr Ruhan, who raced saloon cars, said he had been "very rich" but told the judge in 2017 that he was insolvent and owed £2 million.

Mrs Richardson-Ruhan said he was making a "false presentation" and remained "vastly rich".

The judge has yet to decide how much Mrs Richardson-Ruhan should walk away with.

But Mr Ruhan has been ordered to pay alimony pending final rulings, including £10,000 a month general maintenance.

The businessman said he has been struggling to generate income during the coronavirus crisis.

Mr Justice Mostyn heard that Mr Ruhan had received an offer of about £2.6 million for the yacht.

The judge said he thought Mr Ruhan was going to sell the vessel.

He said he was now ordering a sale, and that Mrs Richardson-Ruhan's lawyers should be kept informed of progress.

The couple married in 1997 and lived in Chalfont St Peter, the judge heard.

Mr Ruhan told the judge that he had raced saloon cars and won a UK championship title nearly a decade ago.

During the earlier hearing, Mr Justice Mostyn described him as a "petrol head".