A good buy?

USS Sequoia in happier times
USS Sequoia in happier times
The USS Sequoia in happier times
The USS Sequoia in happier times

A judge has ruled the USS Sequoia, dubbed America’s most famous boat, can be sold for nothing.

The yacht has been laid up since 2014 following a contract dispute reportedly over a $7.5m loan between the yacht’s owner, Sequoia Presidential Yacht Group and investment group FE Partners.

Under default terms of the agreement, FE Partners could exercise an option to purchase the yacht for $7.8m, but lawyers argued over how much the option price should be reduced because of repairs needed.

The ruling says FE Partners does not owe any money for the yacht that served five decades of American presidents from Herbert Hoover in 1933 to Jimmy Carter in 1977.

Latest Jobs

Sales Executive

The WINDBOATS GROUP is one of the UK’s longest established yacht building companies and manufactures... Read more

Systems Administrator

We are looking for a Systems Administrator to join our award winning B2B media company. Read more

Yard Hand / Valeter

Salterns Boatyard has an immediate opening for an experienced Valeter / Yard Hand to join our busy b... Read more

Flotilla Skipper

At Sunsail we provide the very best sailing holidays; giving customers amazing experiences on the wa... Read more

Bosun

The Cirdan Sailing Trust works hard to support is staff and promote them where appropriate. Because ... Read more

Experienced Shipwright and/or Painter/Finisher

Butler & Co are traditional shipwrights, based at their yard in Penpol, Cornwall. Their primary focu... Read more

View all jobs