Legal Ownership Of An Undiscovered Shipwreck Site?

T

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Scenario.. I am an amateur diver searching off the South coast of Cornwall UK. There is a site down here that states a Spanish Galleon sank in 1744 but the name is unknown. Coins have been found now and again and I was also excited to find a single silver pillar dollar in relatively shallow water. Three dives later and still nothing else but obviously there is more to be found. Our local paper published a fiasco about divers bringing up some anti aircraft shells that required the Royal Naval bomb disposal team to remove them from the divers home to detonate them. It transpires that this diver was being paid by an entrepeneur to search the area and that this chap that never dives and lives in wiltshire apparently has legal rights to the wreck. Can anyone shed any further light on this legal standing? The paper stated that the diver regularly patrolled the site and had locals also looking out for any other divers that might be in the area. I feel this was just propaganda however as the site is large enough for divers to have the freedom of the area. I personally have not experienced any hinderence on any dives there. Any thoughts on the matter would be most welcome.
 

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