Jim, the new owner has been informed of this club and highly encouraged to JOIN.
He is an older gent from Indiana....
I only hope he KNOWS what he is getting into.
All too often I have seen folks obtain airplane bargains only to learn they have obtained a project aircraft that may easily turn into an expensive ramp tramp.
Fortunately for us, there are not a huge array of options out there below $100K, so even if you invest what I think this plane needs, it will still be worth it.