Received this email today. Bloodhound officially up for sale... again.
800 Mph+ Bloodhound LSR Project For Sale
New Investor Sought To Ensure Record Attempt Next Year
The Bloodhound Land Speed Record project, today, announced that it is looking for a new owner to take the team through to setting a new World Land Speed Record in 2022.
In 2019, the Bloodhound team deployed out to South Africa to conduct high speed testing of the most advanced straight-line racing car in history. The car smashed the test programme target of 500 mph, hitting a peak speed of 628 mph (1011 km/h), validating the computer modelling used in designing the car and proving that Bloodhound has real record-breaking capability.
The team now needs to install the Nammo monopropellant rocket, giving the car a top speed of over 800 mph (1287 km/h). Once again, the car will then run on its specially prepared 12-mile (19.2 km) long dry lake bed race track at Hakskeen Pan, Northern Cape, South Africa.
Completing the rocket installation and taking the car to South Africa to exceed 800 mph will cost £8 million, based on the costs of the test programme to date. With a global following and a high level of media coverage, including the highly successful Channel 4 documentary ‘Building the World’s Fastest Car’ which aired late last year, the project’s fundraising potential is significant as the record attempt gets closer. The project is expected to recoup increasingly large amounts through sponsorship and rights sales as the programme develops, making this a unique and exciting investment.
Bloodhound LSR’s current owner and Chief Executive, Ian Warhurst, is now stepping back from leading the project and putting the vehicle up for sale. After buying the car at the end of 2018, Ian has more than achieved his original objectives of rescuing Bloodhound from the scrap heap and ensuring the team deployed to South Africa in 2019 to complete the high speed test programme. However, the current economic climate brought on by the global pandemic has severely impacted the search for fundraising and the project timeline. As a result, Ian is inviting a new owner to take over Grafton LSR Ltd, the holding company which owns the Bloodhound LSR project. The new owner will inherit a proven high-speed car with a demonstrated potential for an 800+ mph world land speed record. Ian said: “It has been a privilege to lead this team of world-class engineers over the past two years. I was spellbound – along with a huge audience around the world – as we tested the car up to 600+ mph in South Africa.” He continued: “When I committed to take the car high speed testing in 2019, I allocated enough funding to achieve this goal on the basis that alternative funding would then allow us to continue to the record attempts. Along with many other things, the global pandemic wrecked this opportunity in 2020 which has left the project unfunded and delayed by a further 12 months. At this stage, in absence of further, immediate, funding, the only options remaining are to close down the programme or put the project up for sale to allow me to pass on the baton and allow the team to continue the project. This gives someone with the right passion and available funding to effectively swoop in at the last minute and take the prize. I will, of course, be cheering from the side-lines when Bloodhound smashes through 800 mph.”
The project has inevitably been held back by the effects of the Covid-19 global pandemic. Work now needs to restart in the next few months to get ready for a 2022 record attempt. The alternative would be to put the car into long-term storage, with no certainty of being able to restart the project. As the prospect of a post-Covid world beckons, the Bloodhound team now needs to find a new owner to continue its ‘engineering adventure’.
Bloodhound driver Andy Green commented: “In my opinion, the Bloodhound team has built the best Land Speed Record Car ever. It made our 628 mph test run look easy! We’re now raring to get to 800 mph+, to showcase this technical marvel and to invite a global audience to join in an incredibly exciting adventure. After the horrible 2020 pandemic year we have all just experienced, the world needs a good news story, and Bloodhound is ready to deliver it”.
After the horrible 2020 pandemic year we have all just experienced, the world needs a good news story, and Bloodhound is ready to deliver it”.
I love this comment! What I have been saying all along...
The Latest Bloodhound LSR News:
20th August 2021
Apologies to all the loyal followers of the project for the length of time since the last update.
In May we announced that the Bloodhound car has moved to its new location at the Coventry Transport Museum. This move was the result of a lot of effort by all involved to maintain the project throughout this very difficult 18 months period.
First – I want to make it clear that the museum is not a permanent home for the car. With such a strong following, the car should be on display and accessible to those who want to see it and visitor numbers at the museum over the past month have benefitted as a result. Its new location also gives Bloodhound Education a second base centrally located allowing them to continue their fantastic STEM inspiration in collaboration with the museum.
Now that the car is on display, the team can focus its attention on raising the necessary funds to complete the final record breaking phase.
We have worked closely with our partners – South Gloucestershire and Stroud UTC Berkeley Green – who continue to support us, so all required equipment for the project’s next phase remains safely stored. Importantly, the contract for use of the EJ200 engines was extended and renewed – so this is very much still a live project!
From a personal point of view, when I stepped in to save the project in December 2018, I did not expect to end up running the project – merely to help with funding – so the past couple of years have been an unexpected privilege. After restarting the project, our plans were HST 2019 and a new World record in 2020. We did the first bit to great success – but the global pandemic has now effectively meant a 3 year delay. As a result, I do need to be progressing with my other plans in life which I put on hold back in 2018.
The great news that I want to announce is that Stuart Edmondson, who has been the Engineering Operations Manager over the past 5 years has stepped up and taken charge of running the project and is the new CEO. This has allowed me to effectively pass the baton. Over the past few months, I have been handing over responsibility to Stuart as he prepares to restart fund raising initiatives.
As we emerge out of the pandemic, and Richard Branson and Jeff Bezos fulfil their dreams of travelling to space, now is the right time for Bloodhound to burst back on the scene bringing excitement of supersonic, rocket powered travel at ground level attempting to set a new World Record for the next generations.
I trust you will all join me in supporting Stuart as he searches for the last piece of funding.
Thanks always for your unwavering support to this inspiring project.
Rich Text Editor.
To edit a paragraph's style, hit tab to get to the paragraph menu. From there you will be able to pick one style. Nothing defaults to paragraph.
An inline formatting menu will show up when you select text. Hit tab to get into that menu.
Some elements, such as rich link embeds, images, loading indicators, and error messages may get inserted into the editor. You may navigate to these using the arrow keys inside of the editor and delete them with the delete or backspace key.