According to local paper Blackpool Today, Riley's been offered a plot of land at Bispham Technology Park, where he plans:
- To buy the MG Sports and Racing brand that went under along with the rest of the Rover Group
- To build one half of a twinned manufacturing facility, the other half being in the USA
- To build high performance MGs and some handbuilt Rileys
- To make some 1,800 cars annually
The report reckoned that talks started last week, although they're still at a very early stage. Riley does though have the right automotive industry experience and has asked the council to draw up a contract. Apparently, he's also in negotiations with receiver Pricewaterhousecoopers to buy the MG brand; he bought the Riley brand back in 1999.
If it all happens, he'll be building cars selling for around £60,000, mostly by hand. He plans to make the MG X-Power SV and a MG X-Power roadster and coupé. They'll be based on Italian designs and chassis but finished "with British styling and heritage", according to the report.
Riley currently runs Cranhills International Consultants Ltd, based in Worcestershire.
We wish him luck.