26 people are injured after British millionaire tycoon crashes his £750,000 Porsche Spyder supercar into spectators at a rally in Malta

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.

According to Malta Today, Mr Bailey, a father of four, was taking part in the annual Paqpaqli ghall-Istrina motorshow when the crash happened at about 2pm. A six-year-old girl was said to be among those in critical condition.

An eyewitness told Times of Malta: ‘The car was speeding down the taxiway when a back wheel went on the grass. 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.