The Bloodhound land-speed record will continue under the ownership of a new investor, despite a previous announcement that appeals for funding had been unsuccessful.
“We have been overwhelmed by the passion that clearly exists for Bloodhound and are thrilled that we have been able to secure a buyer who is able to give this inspiring project a future,” said Andrew Sheridan, partner at specialist advisory firm FRP Advisory LLP.
The 1,000mph car’s future has been hanging in the balance since October, when the project went into administration. As of now, however, a Yorkshire-based investor by the name of Ian Warhurst has secured Bloodhound and all its associated assets for an undisclosed amount.
“Ian has a strong background in managing highly successful businesses in the automotive engineering sector and he will bring considerable expertise to bear in taking the project forward,” said Sheridan of the project’s new custodian.
An update on what Warhurst’s plans are for the project is due early in 2019. The car has been tested up to 200mph and preparations for a track on which to make a full-speed run were underway.
By all accounts, a legitimate attempt was possible in the not-too-distant future. Here’s hoping this new-found funding is enough to get Bloodhound SSC to a new land-speed record.