Horror at supercar rally after British millionaire loses control of his £750,000 Porsche Spyder at high speed and ploughs into spectators leaving 26 injured – with five in critical condition

More than 20 spectators have been injured after a British millionaire tycoon crashed his £750,000 supercar into a crowd at a rally in Malta.

Paul Bailey, from the East Midlands, was behind the wheel of his Porsche Spyder when it clipped the grass at high speed along an unused airport taxiway in the Hal Farrug district of the island.

Witnesses described the ‘chaos and screaming’ as the car, which has a top speed of 210mph, skidded out of control, careening into the barriers and crowd.

Five of the 26 people injured are believed to be in a critical condition, including a six-year-old girl and the 55-year-old driver.

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Paul Bailey (born 16 February 1937) is a British writer and critic, author of several novels as well as biographies of Cynthia Payne and Quentin Crisp.