He scuttled her because he wanted to keep up with a whaler rather than stay with the Ady. He should be sued by the owner (I thought the ship had been donated). That was a fine, fine boat and its loss was a crime. The pilot was pi$$ed.
I believe you nailed it.
If I remember right it seems Bob Barker was supposed to have donated $5 Mil to the society or the Andy Gil was donated, I had no idea, like you, that it was loaned by Gil.