You have to envy the reposession man sometimes...
The high profile Segrave ‘supercar’ Club has fallen victim to the credit crunch and called in administrators – although it’s not immediately clear whether the Club will continue trading.
The Segrave Club was inaugurated a year ago by Nick Hancock, the former business partner of Damon Hill with whom he set up P1 International in 2000.
Hancock was also formerly sales director for Ferrari UK, and used his knowledge of the exotic car business sector to create a club designed to offer privileged access to the world’s greatest machinery.
For a one-off joining fee of £5,000 and an annual subscription of £16,000, the Segrave Club has been offering members between 50 and 60 days each at the wheel of a range of stunning exotics. According to the company’s website the vehicle roster currently includes a Porsche Carerra GT, Mercedes-Benz SLR McLaren, Rolls-Royce Phantom, Lamborghini Murcielargo and Ferrari F599 GTB Fiorano amongst others.
The Segrave Club telephone was being diverted to voicemail when PH tried to call this morning, but marketing chief Simon Turner has confirmed to us that urgent discussions are taking place today that are likely to determine the Club’s future. More when we have it.