The Bloodhound land speed record project might not be dead after all following an eleventh-hour sale of the programme. Andrew Sheridan and Geoff Rowley, Joint Administrators of Bloodhound Programme Ltd have released a statement revealing that they were contacted by a number of interested parties following the initial administration announcement. One of those parties, Yorkshire-based entrepreneur Ian Warhurst, has now purchased the project's assets and intends to keep it going.
"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 Sheridan, who as well as being a joint administrator, is a partner at specialist advisory firm FRP Advisory LLP. "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. He will be outlining his plans for the project in detail early in the New Year."
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