The wreck of one of the most famous ships in British history has been discovered by a US marine salvage company. HMS Victory, the predecessor of Lord Nelson’s flagship, sank off the Channel Islands during a storm in 1744 taking more than 1,000 sailors to a watery grave.Not only does the warship contain important historical artefacts, it is alleged to have gone down with an estimated 770 million euros worth of gold and silver at today’s prices. Although the ship is thought to be lying in international waters, it is a military wreck and as such belongs to the British state. But, the exact legal position remains unclear. The Odyssey treasure hunters worked in secret at the site of the find and will still not reveal its exact location.