Five people, including a young girl, were severely injured as British millionaire ploughed and smashed his Porsche 918 Spyder into spectators at a charity event in Malta.
Porsche owner Paul Bailey was driving at high speed along a disused airport runway when it clipped the grass and crashed through the barriers into a crowd.
Porsche owner Paul Bailey was driving at high speed along a disused airport runway when it clipped the grass and crashed through the barriers into a crowd.
It is believed 26 people were injured in total, including the businessman who is in a stable condition in hospital.
A six-year-old girl is among those badly hurt.
Dashcam footage uploaded to YouTube showed the supercar making its final lap before the crash happened on Sunday afternoon.
"The car was speeding down the taxiway when a back wheel went on the grass," a witness told the Times of Malta.
"The car spun out of control, went through the barriers where a large crowd was watching, and into the area of the static car exhibition.
"Many people were hit, there was chaos and screams."
The Paqpaqli Ghall-Istrina event, where the accident happened, is an annual fundraiser organised by the Maltese government.
Mr Bailey sold his telephone conferencing business for £28m in 2012.
Earlier this year, he invested £3m of his fortune in three rare supercars - the Porsche 918 Spyder, costing £780,000, an £860,000 McClaren P1 and a Ferrari LaFerrari at £1.2m, according to the Daily Telegraph.
He is believed to be the first person to own all three vehicles at the same time.
What a waste
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