The Victory is not rotting...
Yes, yes she is. Her knees have deteriorated over the years since the last big restoration (after the war if memory serves) and with the extra strain of supporting her whole weight with no help from any water she is starting to 'sag' in the middle. At the moment all the necessary timber is being replaced with £16m worth of 'modern equivalents' whatever that means. Probably something the MoD is buying from Ikea. Hey-ho, at least she's still there even if she will be plastic/mdf at the end of it.