A Spanish galleon was discovered off the coast of Cartagena, Colombia. The ship was submerged 700 feet below the sea's surface. This Spanish ship called San Jose, sunk onto the sea floor after a British cannon hit a storage of gun powder on the San Jose. Along with its sinking flags and metal, was treasured goods -- which includes jewels, gold coins, and precious metals.
U.S. investors say it is reputed to be the world's richest shipwreck.
Do you know what that means? Somebody is going to want to claim the goods. And that has actually been happening. Although it has been 300 years, several entities are fighting over the goods. Makes sense -- this was one rich ship.
The Sea Search Armada and Colombia's government have to share.
According to the Washington Post, SSA told CNN that the Supreme Court of Colombia has ruled in the company’s favor, saying that the wealth from the wreck should be split evenly between the company and the Colombian government.