WATCH: Wheel Hurtles Off Jaguar Mk1 Into Crowd At Goodwood Festival Of Speed

Spectators can be seen running away, trying to get out of the wheels' path. The footage quickly cuts away, but we understand that no one was seriously injured in the freak accident. The Goodwood Festival of Speed issued a statement on Twitter, confirming this to be true. "Following the incident on the hillclimb, we're pleased to confirm that there were no serious injuries, and those involved were able to go back to enjoying the event."

At least one spectator was taken away by ambulance to receive medical attention. The individual is said to be an older man who was able to give his statement to festival officials before being carted away. Hillclimb events were suspended for 40 minutes following the incident.

Williams and his Jaguar later returned to the track and, mercifully, finished the climb with no hiccups.

The Jaguar Mk1 (a predecessor to the modern-dayJaguar XF) was first introduced in 1955 and lauded by the motoring press for its sharp dynamics and powerful six-cylinder engines. This particular vehicle, affectionately known as BUY 1 (its license plate), is somewhat of a legend in classic racing circles. According toSouth Downs Secure, owner and driver Grant Williams inherited the car from his dad, who in turn inherited the vehicle from his father.

As one of seven Mk1 sedans prepared by Jaguar as a factory racer, it's an extraordinary car and is considered an icon at the Goodwood Festival of Speed. With a love for smokey tailslides, Grant has earned himself the nickname of the Sultan of Slide.

Awheel coming off a speeding caris no joke, so we're pleased the crowd escaped unscathed and that no serious injuries were reported.