05/10/2015 10:00 BST | Updated 05/10/2016 06:12 BST

UK Millionaire Paul Bailey In Hospital After Malta Supercar Crash

A British millionaire is in hospital after a supercar crashed at a motor show, injuring 28 people. 

Businessman Paul Bailey was driving the Porsche 918 Spyder when it clipped the grass, spun out of control and ploughed into spectators at the event in Malta, according to reports.

Mr Bailey, who is in a stable condition, was among 14 people who are still being treated, a spokeswoman for Malta's Secretary for Health said.

A six-year-old girl is among four people in intensive care in the island's main Mater Dei hospital, a government spokesman said.  

A total of 19 people were treated at the hospital for head, chest and abdominal injuries and broken bones. Five have been discharged.

A spokeswoman for the Office of the President said Malta's President, Marie Louise Coleiro Preca, is "traumatised and devastated" by the incident.

The spokeswoman said an inquiry is under way.

Witnesses said the car was driving at high speed along an unused airport taxiway in the Hal Farrug district when the accident happened on Sunday.

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.

"Many people were hit, there was chaos and screams."

Mr Bailey, a self-made millionaire from the East Midlands, has a collection of more than 30 supercars, including a £866,000 McLaren P1 and £1.2 million customised Ferrari, according to Mail Online.

He reportedly bought the limited edition Porsche Spyder for £780,000 in January this year.

He made his £28 million fortune when he sold a phone-conferencing firm in 2012, Mail Online reported.

The rest of the motor show, hosted by Malta's president to raise money for charity, was cancelled.