where do GRP boats go to die?

I have always fancied a sort of gladiatorial stock car racing equivalent. Take a bunch of old heaps out beyond territorial limits, one person per boat, last one afloat wins. Ramming accessories encouraged. Add a bit of live TV coverage and some online betting and you have a real party.

Cannon and grappling hooks allowed?
 
For a number of us restoration of a neglected hull is an option, but there are far more hulls than people willing to take them on. The problem is that smaller old boats are not worth much anyway, and the cost of bringing them back to decent condition, as well as upgrading to modern standards and expectations is usually a good deal more than buying a decent one in the first place.
 
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