Damon Hill’s bid to close P1 'unsuccessful'

By Tim Pollard

Motor Industry

20 March 2009 16:04

Damon Hill’s bid to wind up the P1 supercar club in the High Courts of Justice has been rejected – for now. The former F1 world champion is pursuing money owed to him and issued a petition to close down P1 to pay the debt.

But Hill’s co-founder of P1 International, and current chief executive officer, Michael Breen told CAR Online that the petition to wind up his business had been unsuccessful.

‘I have been advised that I cannot go into the detail of the case but I can confirm that Damon Hill’s petition was unsuccessful on Wednesday,’ he told CAR. ‘We will be back in court next week.

‘We are still trading and our members are still collecting and driving their supercars as normal.’

P1 pioneered the supercar club back in 2000 – democratising supercar ownership by creating a members’ club where owners paid to have a predertimined number of days access each year, with none of the costs and hassles of ownership.

It now has around 300 members, two branches and some 40 supercars.

By Tim Pollard