"No, you won't be able to take it for a test drive," says Stuart Radnofsky with a laugh. "But you will be able to climb all over it and get inside the engine."
This may make him sound like a rather unreasonable seller of a used car, but the one Radnofsky, director of the adventure sports marketing company Project 100, has been given the task of selling is no ordinary second-hand banger. Potential buyers won't be taking this one for a spin around the block or kicking tyres for it is none other than the vehicle the late Steve Fossett was going to use to attempt to break the land speed record. Offers around the US$3 million (Dh11 million) mark will be seriously considered.
Fossett, a billionaire, made his fortune in financial services, but he was a renowned adventurer. He had broken records for solo round-the-world and transcontinental flights, held 10 gliding world records, 21 long distance sailing records and made six attempts to fly around the world in a hot air balloon. If it was at all dangerous and glorious, it seemed Fossett tried his hand at it.
But in September 2007, he mysteriously disappeared while scouting the Nevada desert in his light aeroplane for a suitable area for his speed-record attempt.
Radnofsky met Fossett in 1993 at Le Mans, where the billionaire was fulfilling his dream to compete in the famous 24 hour race, driving a Porsche for the Kremer Brothers.
"He was reading a biography of Einstein, which seemed pretty unusual for a racing driver," says Radnofsky of his first encounter. "I then found out he did a great deal more, but you had to draw it out of him, things like the Iditarod [a 1,920km dog sled race] or he was off to Switzerland to climb a couple of mountains; you know, as we all do."
Over the years, Fossett and Radnofsky worked together, with Project 100 taking care of marketing, promotions and sponsorship for projects such as the PlayStation-sponsored 125-foot catamaran that Fossett used to set a world record for a trans-Atlantic crossing.
The Fossett Absolute Land Speed Record (ALSR) car was acquired by the adventurer in 2006 from Craig Breedlove, the 73-year-old five-time land speed record holder, who had named the car Spirit of America - Sonic Arrow.
Breedlove had technical problems and an accident during his record attempt. After he sold the magnificent machine, Radnofky says "he was a gentleman about it" and was a consultant when Fossett started rebuilding the car with the intention of breaking the current land speed record of 763mph (1,220.8kph) set by Richard Noble's Thrust SSC in 1997.
Fossett's team redesigned the entire ALSR body so it would be more aerodynamic, fitted a longer wheelbase and modified the steering to prevent the oscillation that is believed to have caused the previous accident. Suck-in doors were added to improve acceleration, bearings were upgraded to withstand speeds of more than 1,000mph and a parachute system added.
It is powered by the same General Electric J79-GW turbojet engine that is used on the F4E Phantom and F-104 Starfighter aircraft.
Radnofsky recalls the car was "four or five weeks away from testing in the dry lakes of southern California and Nevada" when the project was tragically cut short.
"It was the second or third of September in 2007 when I got a call that Steve was missing," he says. He had spoken to Fossett only the day before.
"We quickly did some checking [on the land speed project] on the phone the day before and when I heard he was missing, I knew where he was," says Radnofsky. "He had been at the Hilton Ranch, a kind of country club for fliers in the Nevada desert and he was going to take his light aircraft out."
An extensive air and land search was carried out at the time but it wasn't until a year later that hikers found Fossett's wallet, debris and bones from the crash, confirming everyone's worst fears.
After the team did some static testing after Fossett's disappearance, the ALSR was put into storage and this year Peggy, Fossett's widow, decided to sell the car, assigning Radnofsky with the not inconsiderable task of overseeing the sale.
"We took out an ad in Auto Week, a full-page ad, and the phone rang off the hook," says Radnofsky. The car is now on display in a workshop in Reno, Nevada, so potential buyers can make an inspection.
While he is not at liberty to name those who have shown an interest in the ALSR, Radnofsky can confirm that he has received calls from America, Europe, China and the Gulf.
It is not a condition of sale for the buyer to use the car for a land speed record attempt. "Who knows, maybe someone just wants to have it and look at it?" Radnofsky quips. But he hopes that whoever does end up buying the ALSR revives Fossett's dream project.
"The people who have been involved are all still around and they can still be consulted by the new buyers.
"Hopefully, someone will take over the project and hopefully it can be tested in 2011 and it may even be ready for a record attempt in 2011 or 2012 which will put it ahead of the other [land speed record] competitors that are out there," says Radnofsky.
He describes the rivalry between the land speed record hopefuls as "friendly and useful".
"We need it - otherwise it's a bit like a basketball team having nobody to play against."
Radnofsky is quick to praise the other contenders. He describes Australia's Rosco McGlashan, who posted a 643mph speed and is currently working on the Aussie Invader 5R project as "a legend".
The North American Eagle project, which is being worked on by a combined American-Canadian team, is "pretty cool", according to Radnofsky. "It is basically an F1 with the wings off and extra wheels on."
But he still has high hopes for the ALSR and its future as a record-breaker. "I hope the car is bought by someone who understands its significance," he says. "We're not going to save the world with this, but it is still a great challenge."
The specs
Engine General Electric J79-GW turbojet engine
Length 14.63m
Width 3.20m
Weight (wet) 4,091kg
Estimated top speed 950mph+ (1,520kph)
Thrust 83.4kN
Construction Carbon / kevlar / glass fibre composite
Bareilly Ki Barfi
Directed by: Ashwiny Iyer Tiwari
Starring: Kriti Sanon, Ayushmann Khurrana, Rajkummar Rao
Three and a half stars
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
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F1 line ups in 2018
Mercedes-GP Lewis Hamilton and Valtteri Bottas; Ferrari Sebastian Vettel and Kimi Raikkonen; Red Bull Daniel Ricciardo and Max Verstappen; Force India Esteban Ocon and Sergio Perez; Renault Nico Hülkenberg and Carlos Sainz Jr; Williams Lance Stroll and Felipe Massa / Robert Kubica / Paul di Resta; McLaren Fernando Alonso and Stoffel Vandoorne; Toro Rosso TBA; Haas F1 Romain Grosjean and Kevin Magnussen; Sauber TBA
Info
What: 11th edition of the Mubadala World Tennis Championship
When: December 27-29, 2018
Confirmed: men: Novak Djokovic, Rafael Nadal, Kevin Anderson, Dominic Thiem, Hyeon Chung, Karen Khachanov; women: Venus Williams
Tickets: www.ticketmaster.ae, Virgin megastores or call 800 86 823
Our legal advisor
Ahmad El Sayed is Senior Associate at Charles Russell Speechlys, a law firm headquartered in London with offices in the UK, Europe, the Middle East and Hong Kong.
Experience: Commercial litigator who has assisted clients with overseas judgments before UAE courts. His specialties are cases related to banking, real estate, shareholder disputes, company liquidations and criminal matters as well as employment related litigation.
Education: Sagesse University, Beirut, Lebanon, in 2005.
The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
RACE CARD
6.30pm Maiden (TB) Dh82.500 (Dirt) 1,400m
7.05pm Handicap (TB) Dh87,500 (D) 1,400m
7.40pm Handicap (TB) Dh92,500 (Turf) 2,410m
8.15pm Handicap (TB) Dh105,000 (D) 1,900m
8.50pm UAE 2000 Guineas Trial (TB) Conditions Dh183,650 (D) 1,600m
9.25pm Dubai Trophy (TB) Conditions Dh183,650 (T) 1,200m
10pm Handicap (TB) Dh102,500 (T) 1,400m
Best Foreign Language Film nominees
Capernaum (Lebanon)
Cold War (Poland)
Never Look Away (Germany)
Roma (Mexico)
Shoplifters (Japan)
The more serious side of specialty coffee
While the taste of beans and freshness of roast is paramount to the specialty coffee scene, so is sustainability and workers’ rights.
The bulk of genuine specialty coffee companies aim to improve on these elements in every stage of production via direct relationships with farmers. For instance, Mokha 1450 on Al Wasl Road strives to work predominantly with women-owned and -operated coffee organisations, including female farmers in the Sabree mountains of Yemen.
Because, as the boutique’s owner, Garfield Kerr, points out: “women represent over 90 per cent of the coffee value chain, but are woefully underrepresented in less than 10 per cent of ownership and management throughout the global coffee industry.”
One of the UAE’s largest suppliers of green (meaning not-yet-roasted) beans, Raw Coffee, is a founding member of the Partnership of Gender Equity, which aims to empower female coffee farmers and harvesters.
Also, globally, many companies have found the perfect way to recycle old coffee grounds: they create the perfect fertile soil in which to grow mushrooms.
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
COMPANY PROFILE
● Company: Bidzi
● Started: 2024
● Founders: Akshay Dosaj and Asif Rashid
● Based: Dubai, UAE
● Industry: M&A
● Funding size: Bootstrapped
● No of employees: Nine
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At a glance
Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.
Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year
Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month
Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30
Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse
Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth
Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances
Try out the test yourself
Q1 Suppose you had $100 in a savings account and the interest rate was 2 per cent per year. After five years, how much do you think you would have in the account if you left the money to grow?
a) More than $102
b) Exactly $102
c) Less than $102
d) Do not know
e) Refuse to answer
Q2 Imagine that the interest rate on your savings account was 1 per cent per year and inflation was 2 per cent per year. After one year, how much would you be able to buy with the money in this account?
a) More than today
b) Exactly the same as today
c) Less than today
d) Do not know
e) Refuse to answer
Q4 Do you think that the following statement is true or false? “Buying a single company stock usually provides a safer return than a stock mutual fund.”
a) True
b) False
d) Do not know
e) Refuse to answer
The “Big Three” financial literacy questions were created by Professors Annamaria Lusardi of the George Washington School of Business and Olivia Mitchell, of the Wharton School of the University of Pennsylvania.
Answers: Q1 More than $102 (compound interest). Q2 Less than today (inflation). Q3 False (diversification).
The rules on fostering in the UAE
A foster couple or family must:
- be Muslim, Emirati and be residing in the UAE
- not be younger than 25 years old
- not have been convicted of offences or crimes involving moral turpitude
- be free of infectious diseases or psychological and mental disorders
- have the ability to support its members and the foster child financially
- undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
- A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
More from Neighbourhood Watch:
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Closing the loophole on sugary drinks
As The National reported last year, non-fizzy sugared drinks were not covered when the original tax was introduced in 2017. Sports drinks sold in supermarkets were found to contain, on average, 20 grams of sugar per 500ml bottle.
The non-fizzy drink AriZona Iced Tea contains 65 grams of sugar – about 16 teaspoons – per 680ml can. The average can costs about Dh6, which would rise to Dh9.
Drinks such as Starbucks Bottled Mocha Frappuccino contain 31g of sugar in 270ml, while Nescafe Mocha in a can contains 15.6g of sugar in a 240ml can.
Flavoured water, long-life fruit juice concentrates, pre-packaged sweetened coffee drinks fall under the ‘sweetened drink’ category
Not taxed:
Freshly squeezed fruit juices, ground coffee beans, tea leaves and pre-prepared flavoured milkshakes do not come under the ‘sweetened drink’ band.
KEY HIGHLIGHTS
Healthcare spending to double to $2.2 trillion rupees
Launched a 641billion-rupee federal health scheme
Allotted 200 billion rupees for the recapitalisation of state-run banks
Around 1.75 trillion rupees allotted for privatisation and stake sales in state-owned assets
THE BIO: Martin Van Almsick
Hometown: Cologne, Germany
Family: Wife Hanan Ahmed and their three children, Marrah (23), Tibijan (19), Amon (13)
Favourite dessert: Umm Ali with dark camel milk chocolate flakes
Favourite hobby: Football
Breakfast routine: a tall glass of camel milk
COMPANY PROFILE
Company name: BorrowMe (BorrowMe.com)
Date started: August 2021
Founder: Nour Sabri
Based: Dubai, UAE
Sector: E-commerce / Marketplace
Size: Two employees
Funding stage: Seed investment
Initial investment: $200,000
Investors: Amr Manaa (director, PwC Middle East)
Volvo ES90 Specs
Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)
Power: 333hp, 449hp, 680hp
Torque: 480Nm, 670Nm, 870Nm
On sale: Later in 2025 or early 2026, depending on region
Price: Exact regional pricing TBA
The specs
Engine: 4.0-litre flat-six
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
WHAT IS A BLACK HOLE?
1. Black holes are objects whose gravity is so strong not even light can escape their pull
2. They can be created when massive stars collapse under their own weight
3. Large black holes can also be formed when smaller ones collide and merge
4. The biggest black holes lurk at the centre of many galaxies, including our own
5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed
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