Bloodhound land speed project officially axed
Opinion: how Bloodhound could have survived
At the time it entered administration, Bloodhound bosses had estimated the project would take about 10 months to get ready for its first South African runs, building the team up from the present five or six to around 15 people. For the full-on 1000mph record runs, they’d have needed closer to 40 people.
In an unusually bullish statement at the time, Sheridan said he believed administration provides the team with “breathing space” to identify new investors. “While not an insignificant amount,” he said, “the £25m Bloodhound requires to break the land speed record is a fraction of the cost of, for example, finishing last in an F1 season or running an America’s Cup team.
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