Hi all, I've just taken delivery of my freshly imported 1992 MC21 SP in nice Rothmans colours. I brought it in myself from a guy in Japan. All looks good when I turn up at the boat to get it, JHA race systems on it too!!!!!

So, get it home check 2T oil, water etc. Find this milky sh1t in the gearbox and no water in the rad or expansion tank. This stuff was literally pouring out of the gear oil filler hole!! So I filled the rad with water just to watch it slowly go into the gearbox and out through the oil fill!

Anyone ever seen anything like this or know what It could be??

Thanks in advance!