Mike Lynch yacht latest: Tycoon ‘considered selling boat’ before tragedy as search for daughter Hannah ongoing

British technology entrepreneur Mike Lynch considered selling his superyacht the Bayesian in the months leading up to the deadly trip to Sicily, it has been revealed.

The search for his 18-year-old daughter Hannah continues after Mr Lynch was identified on Thursday as one of the five bodies recovered from the wreckage near the Sicilian capital of Palermo.

The Italian coastguard also confirmed that the bodies of Jonathan Bloomer , his wife Judith Bloomer, lawyer Christopher Morvillo and his wife Neda Morvillo were all recovered after being discovered on the vessel the previous day.

However, divers and underwater vehicles are continuing to scour the scene for a fourth day as Mr Lynch’s youngest daughter remains unaccounted for after the 56-metre vessel sank in a severe storm in the early hours of Monday.

It comes as industry sources told The Telegraph Mr Lynch put the £30 million sailboat up for sale in March but later changed his mind after he was acquitted of fraud. He reportedly withdrew it from the market four months later and was going to review the decision in autumn after enjoying the summer on board.

The boat’s chef Recaldo Thomas was confirmed dead on Monday, while a further 15 people survived the disaster.