http://www.digitaljournal.com/article/266356

Salvage firm finds British warship

Posted Feb 1, 2009 by Naved Akhtar
The remains of a legendary British warship believed to have sunk in the English Channel in 1744 have been found by a US-based salvage firm.
Untitled
HMS Victory, forerunner of Nelson’s famous ship with the same name has been found by Odyssey Marine Exploration. Experts believe that valuables from the vessel could be worth millions.
The vessel has been found in international waters but since it is a military wreck they officially belong to the British state so could trigger a row with the British government.
Odyssey Marine Exploration will announce the news at a conference in London on Monday. Greg Stemm, CEO of Odyssey Marine Exploration has said that the firm are negotiating with Britain to collaborate on the project.
Some maritime experts have described the HMS Victory as the finest ship of its time. It is understood that the ship sunk with more than 1,100 seamen aboard in a fierce storm off the Channel Islands. Mr Stemm has declined to reveal the exact location of the warship’s remains. He told the BBC: “We found this more than 50 miles (80km) from where anybody would have thought it went down.”
Experts believe that HMS Victory has 100 brass cannons and some 100,000 gold coins on board.
The Spanish government are currently suing the Odyssey claiming a shipwreck it salvaged in 2007 is the famous 19th Century Spanish galleon. At the time the Odyssey salvaged 17 tonnes of gold and silver coins worth $500m (£343m).