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Written by Ollie Marriage
The dream is over. Today, the administrators for Bloodhound, the British project to break the land speed record, have announced that a buyer cannot be found, and that the project will be wound up. The firm entered administration two months ago, the aim being to find a buyer able to inject the 25 million the team believed was needed to take the rocket-and-jet powered car to South Africa and run it. Unfortunately, although several potential buyers came forward, that process failed. The administrators issued a release saying: "Despite overwhelming public support, and engagement with a wide range of potential and credible investors, it has not been possible to secure a purchaser for the business and assets.
Date written: 7 Dec 2018
More of this article on the Top gear website
ID: 14263
The dream is over. Today, the administrators for Bloodhound, the British project to break the land speed record, have announced that a buyer cannot be found, and that the project will be wound up. The firm entered administration two months ago, the aim being to find a buyer able to inject the 25 million the team believed was needed to take the rocket-and-jet powered car to South Africa and run it. Unfortunately, although several potential buyers came forward, that process failed. The administrators issued a release saying: "Despite overwhelming public support, and engagement with a wide range of potential and credible investors, it has not been possible to secure a purchaser for the business and assets.
Date written: 7 Dec 2018
More of this article on the Top gear website
ID: 14263
