ferretti yacht target price

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94 Ferretti 2021 Yacht for Sale

Asking price: €6,600,000.

• Yachts for sale
• motoryachts
• 94' Ferretti

Last updated Aug 25, 2024

94' Ferretti 2021

Ferretti Yachts 920: A Masterpiece of Elegance and Innovation

The Ferretti Yachts 920 is a remarkable creation that combines cutting-edge design, sophisticated style, and superior performance. With a length of over 28 meters, this luxurious motor yacht boasts sleek, sporty lines and a dynamic silhouette that exudes modernity.

The spacious flybridge offers an open-air retreat, perfect for entertaining or relaxing, while the expansive foredeck is equipped with a sunbathing area that transforms into a stylish lounge. The innovative raised bow design maximizes the interior space, providing exceptional comfort and livability on board.

Inside, the Ferretti 920 impresses with its contemporary Italian flair, featuring high-quality materials, bespoke furniture, and large panoramic windows that flood the interiors with natural light. Accommodating up to 10 guests in four exquisitely designed cabins, including a full-beam master suite, this yacht ensures luxurious comfort for extended voyages.

Powered by twin MTU engines, the Ferretti 920 delivers excellent performance and stability, making it ideal for long-range cruising. Its advanced technology, including state-of-the-art navigation systems and stabilizers, ensures a smooth and enjoyable experience at sea.

Whether for private use or charter purposes, the Ferretti Yachts 920 is a symbol of timeless elegance, combining style and functionality in a vessel that promises unforgettable journeys on the water.

Denison Yachting is pleased to assist you in the purchase of this vessel. This boat is centrally listed by Data Marin.

Denison Yacht Sales offers the details of this yacht in good faith but can’t guarantee the accuracy of this information nor warrant the condition of this boat for sale. This yacht for sale is offered subject to prior sale, price change, or withdrawal from that yacht market without notice. She is offered as a convenience by this yacht broker to its clients and is not intended to convey direct representation of a specific yacht for sale.

INQUIRE ABOUT 94' FERRETTI

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First-Time Yacht Buyer?

Read our guide to learn the process for buying this 94' Ferretti

94' Ferretti HIGHLIGHTS

• Yacht Details: 94' Ferretti 2021
• Location: MUGLA, Turkey
• Engines: MTU
• Last Updated: Aug 25, 2024
• Asking Price: €6,600,000
• Maximum Speed: 26 kn
• Max Draft: 7' 3''

94' Ferretti additional information

• Cruising Speed: 22 kn
• Beam: 22' 3''
• Hull Material: Fiberglass
• Fuel Tank: 1 x 2378|gallon
• Fresh Water: 1 x 349|gallon
• Max Passengers: 20

Striking lines, unmistakable style, charm and performance – all in one remarkable yacht. This highly innovative maxi-flybridge is designed with an impressive collection of spaces, featuring sumptuous décor, multipurpose relaxation areas and a classic-contemporary interior feel. She is the quintessence of wellbeing and style. A boat with an ambition for innovation to match her grand scale, the Ferretti Yachts 920 exudes the easy power of a nautical giant. This fantastic flybridge is a true design original –the first in the range to embrace the wide-body concept. Her majestic presence makes a striking first impression. The eye-catching profile is underlined by the detailing on the gunwale, which extends beyond the bulwark walkways and intersects the master-cabin window like a blade. Yet with a hull length of 23.98 metres, she can be registered as a pleasure boat. Her dynamic, irrepressible lines further develop the style tenets that have earned international plaudits for the new models launched in recent years in a complete revamp of the fleet. Besides the striking raised bow, the external spaces also impress with an array of areas to relax in amid the resplendent décor. And the remarkable interiors are as roomy and elegant as you’d expect to find on a superior class of yacht. The recently introduced PURE version underlines the authentic Ferretti Yachts style – warm, enveloping and lavishly appointed with prestige materials and sophisticated details. This exquisite emblem of the brand is acquiring a cult following among boating enthusiasts and connoisseurs alike.

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• Consumer Durables

Ferretti BIT:YACHT Stock Report

Ferretti S.p.A.

BIT:YACHT Stock Report

Market Cap: €932.8m

YACHT Stock Overview

Designs, constructs, and sells luxury yachts and pleasure vessels under the Riva, Wally, Ferretti Yachts, Pershing, Itama, CRN, and Custom Line brands globally.

About the company

Trading at 42.7% below our estimate of its fair value

Earnings are forecast to grow 12.24% per year

Earnings grew by 21.6% over the past year

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 67%

Risk Analysis

High level of non-cash earnings

Dividend of 3.52% is not well covered by free cash flows

Ferretti S.p.A. Competitors

Italian Sea Group

Racing Force

Price History & Performance

Recent News & Updates

Ferretti s.p.a. announces board changes, ferretti s.p.a. announces change of joint company secretary, full year 2023 earnings released: eps: €0.25 (vs €0.19 in fy 2022), ferretti s.p.a. proposes final ordinary dividend for the year ended 31 december 2023, ferretti s.p.a. provides earnings guidance for the year 2024, recent updates, ferretti s.p.a. announces board changes, ferretti s.p.a. to report q4, 2023 results on feb 19, 2024, first half 2023 earnings released: eps: €0.12 (vs €0.087 in 1h 2022), new major risk - earnings quality, less than half of directors are independent, shareholder returns.

Return vs Industry : YACHT underperformed the Italian Leisure industry which returned 3.5% over the past year.

Return vs Market : YACHT underperformed the Italian Market which returned 14.4% over the past year.

Price Volatility

Stable Share Price : YACHT has not had significant price volatility in the past 3 months.

Volatility Over Time : YACHT's weekly volatility (3%) has been stable over the past year.

About the Company

Ferretti S.p.A. designs, constructs, and sells luxury yachts and pleasure vessels under the Riva, Wally, Ferretti Yachts, Pershing, Itama, CRN, and Custom Line brands globally. It offers luxury composite yachts, made-to-measure yachts, and superyachts with various features and ancillary services. The Company owns and operates seven shipyards, two production plants for interior fittings and customized furnishings and one production plant for kinetic equipment.

Ferretti S.p.A. Fundamentals Summary

Is YACHT overvalued?

Earnings & Revenue

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Nov 13, 2024

How did YACHT perform over the long term?

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Ferretti s.p.a. (9638.hk).

• Previous Close 24.050
• Open 24.000
• Ask 24.300 x --
• Day's Range 23.750 - 24.250
• 52 Week Range 20.250 - 29.800
• Volume 20,536
• Avg. Volume 11,768
• Market Cap (intraday) 8.141B
• Beta (5Y Monthly) 0.41
• PE Ratio (TTM) 10.51
• EPS (TTM) 2.260
• Earnings Date --
• Forward Dividend & Yield 0.81 (3.42%)
• Ex-Dividend Date Jun 24, 2024
• 1y Target Est 38.25

Ferretti S.p.A. Overview Recreational Vehicles / Consumer Cyclical

Ferretti S.p.A. designs, constructs, and sells luxury yachts and pleasure vessels under the Riva, Wally, Ferretti Yachts, Pershing, Itama, CRN, and Custom Line brands globally. It offers luxury composite yachts, made-to-measure yachts, and superyachts with various features and ancillary services. The Company owns and operates seven shipyards, two production plants for interior fittings and customized furnishings and one production plant for kinetic equipment. It is present globally. Ferretti S.p.A. also provides yacht brokerage, chartering, and management services, as well as after-sales and refitting services; engages in brand extension activities, such as lounges; manufactures and installs wooden furnishings for nautical interiors; and manufactures and sells coastal patrol vessel by the FSD and Wally sailing yachts. Ferretti S.p.A. was founded in 1968 and is headquartered in Forli, Italy.

Full Time Employees

December 31

Fiscal Year Ends

Recreational Vehicles

Recent News: 9638.HK

Comba Telecom Systems Holdings And 2 Other Undervalued Small Caps In Hong Kong With Insider Buying

August 2024's Undervalued Small Caps In Hong Kong With Insider Buying

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Performance overview: 9638.hk.

Trailing total returns as of 8/30/2024, which may include dividends or other distributions. Benchmark is HANG SENG INDEX .

1-Year Return

3-year return, 5-year return, compare to: 9638.hk.

Select to analyze similar companies using key performance metrics; select up to 4 stocks.

Statistics: 9638.HK

Valuation measures.

Enterprise Value

Trailing P/E

Forward P/E

PEG Ratio (5yr expected)

Price/Sales (ttm)

Price/Book (mrq)

Enterprise Value/Revenue

Enterprise Value/EBITDA

Financial Highlights

Profitability and income statement.

Profit Margin

Return on Assets (ttm)

Return on Equity (ttm)

Revenue (ttm)

Net Income Avi to Common (ttm)

Diluted EPS (ttm)

Balance Sheet and Cash Flow

Total Cash (mrq)

Total Debt/Equity (mrq)

Levered Free Cash Flow (ttm)

Research Analysis: 9638.HK

Analyst recommendations.

• Underperform

Analyst Price Targets

People also watch.

YACHT chart 

Upcoming earnings, key stats , about ferretti, financials , analyst rating , frequently asked questions.

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• Ferretti S.p.A.

Ferretti Stock Forecast, " YACHT " Share Price Prediction Charts

Is "ferretti s.p.a." a good investment current price today: ▲ 2.885 eur (+2.124%).

•   Select other stock...

7 days forecast

24 hours forecast.

Chart Pattern Recognition

Export forecast data (csv).

Ferretti Stock Chart and Share Price Forecast, Short-Term "YACHT" Stock Prediction for Next Days and Weeks

Ferretti S.p.A. (YACHT) Forecast Chart, Long-Term Predictions for Next Months and Year: 2023, 2024

Ferretti stock price forecast* for tomorrow, and next weeks based on the last 30 days

YACHT Target Price

Detailed trend components of the ferretti s.p.a. stock price forecast & prognosis.

Most Traded Stocks

14 days historical data.

Bullish or Bearish?

Pivot, resistance levels and support levels, questions & answers about ferretti projection, what is the ferretti stock price / share price today.

The Ferretti stock price is 2.885 EUR today.

Will YACHT stock price drop / fall?

Yes. The Ferretti stock price may drop from 2.885 EUR to 2.257 EUR . The change will be -21.760 %.

Will YACHT stock price grow / rise / go up?

No. See above .

Will YACHT stock price crash?

According to our analysis, this can happen.

Will Ferretti stock price hit 10 EUR price in a year?

Not within a year. See above .

Will Ferretti stock price hit 20 EUR price in a year?

Will ferretti stock price hit 50 eur price in a year.

Ferretti ( YACHT ) Forecast Earnings Growth

Ferretti s.p.a. ( yacht ) stock market info, ferretti s.p.a. ( yacht ) stock price prediction, stock forecast for next months and years.

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Ferretti Yacht Charter

From the company’s first launch to its current fleet of new and semi-custom designs, Ferretti Yachts offers a wide range of flying bridge motor yachts from 14 to 27 metres in length.

• Popular Ferretti Yachts Models
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Try Before You Buy

Contemplating a purchase? Why not charter a Ferretti yacht for a 'try before you buy' experience?

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• Toys Diving Kayaking Sailing Seabob Bicycles Wind Surf Submarine Helicopter Sport Fishing Wakeboard Inflatable Water Slide Trampoline Inflatable Waterpark Kite Surf Surfboard Floating Pool Paddleboard Amphibious Car flyboard Hoverboard Wakesurf Wakeskate golf Foilboard Show all Toys
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29m Ferretti Yachts

2014/2023 

from $90,000 p/week

B.A.13 10 5

30m   Ferretti Yachts

from $128,000 p/w eek

from $122,000 p/w eek

H&CO 10 5

from $100,000 p/w eek

Isotta 10 5

from $127,000 p/w eek

La Morocha 10 5

from $106,000 p/w eek

Damari 10 5

29m   Ferretti Yachts

from $95,000 p/w eek

from $76,000 p/w eek

Katariina XO 10 5

from $88,000 p/w eek

Sol Shine 10 5

from $90,000 p/w eek

Tethys 10 5

Daddy's Dream 2 10 5

from $74,000 p/w eek

Upstream 11 5

from $78,000 p/w eek

28m   Ferretti Yachts

Eagle One 8 4

from $80,000 p/w eek

Alegria II 8 4

from $72,000 p/w eek

Date Night 10 5

from $75,000 p/w eek

from $60,000 p/w eek

Porthos Sans Abri 10 4

27m   Ferretti Yachts

from $61,000 p/w eek

Cinque Mare 10 4

from $40,000 p/w eek

Day Off 10 4

from $50,000 p/w eek

from $43,000 p/w eek

Estia Yi 9 4

Maxi Beer 9 4

Miss Katariina 10 4

Lady Aga 9 4

Vittoria 8 4

from $92,000 p/w eek

Hoya Saxa 8 4

from $55,000 p/w eek

Anassa A 9 4

26m   Ferretti Yachts

from $52,000 p/w eek

La Pausa 10 5

from $49,000 p/w eek

Cipriana 8 4

from $31,000 p/w eek

My Lady 8 4

from $67,000 p/w eek

25m   Ferretti Yachts

from $45,000 p/w eek

Annouka 8 6

Astarte 9 4

Julie M 8 4

from $41,000 p/w eek

from $37,000 p/w eek

Maybe Not 8 4

from $44,000 p/w eek

Monticello II 8 4

from $34,000 p/w eek

Pampero 8 4

Splendido 8 4

from $28,000 p/w eek

Bellas Boy 10 4

24m   Ferretti Yachts

D&D 8 4

Geepee 10 4

Lazy Days 9 4

from $30,000 p/w eek

Bella III 8 4

Juniper II 8 4

Kentavros II 8 4

Lady Bee 8 4

Lavitalebela 8 4

Nineteen 8 4

from $36,000 p/w eek

Orlando L 8 4

Oxygen 8 10 4

Sea Stream 8 4

Added to Shortlist

1 - 64 of 99 Yachts For Charter

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All yacht particulars are believed correct but cannot be guaranteed.

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Sinking of a superyacht adds to questions billionaire Mike Lynch wanted to put behind him

It was a sunny August morning when software entrepreneur Mike Lynch, 59, gathered 10 of his closest friends along with his wife and daughter on the dock of Porto di Milazzo, on the northern coast of Sicily. They had come to celebrate his freedom. Only months before, several of the guests played crucial roles in persuading a San Francisco jury to acquit Lynch of federal charges related to the sale of his software firm Autonomy to HP for $11 billion. 

Five days after the yacht left port, Lynch, his daughter, four guests, and a hired chef were dead in the Mediterranean Sea after a storm flooded the ship. The drowned included the chairman of Morgan Stanley International, a star witness at Lynch’s trial, as well as one of Lynch’s lead defense attorneys. Among the survivors were a former Autonomy exec who went on to become a partner at Lynch’s venture capital firm, a second member of his defense team, and Lynch’s wife, who reportedly owns nearly all his fortune. The same day of the drowning, U.K. news outlets reported that Lynch’s codefendant in the fraud trial, Stephen Chamberlain, who had also been acquitted, had been fatally run over by a car as he was out jogging—a shocking coincidence.

Less than a week after the tragedy, there are far more questions than answers. Did the yacht named Bayesian —an homage to a statistical theorem for predicting future outcomes—simply fall victim to a terrible storm? How did most of the crew and a few passengers escape, and why couldn’t they reach Lynch and the six others who did not make it out? Italian officials are looking into manslaughter charges, but it’s not yet clear who they may have in their crosshairs. Giovanni Costantino, who runs the Italian Sea Group that owns Perini Navi, the Italian maker of the yacht, had harsh words for the crew, whom he blames. “This is the mistake that cries out for vengeance,” he told Reuters .

There are also huge questions swirling around the business ventures of the man dubbed the “British Bill Gates.” While the Bayesian excursion was to serve as a celebration of Lynch’s acquittal on all charges in the U.S.—where he had spent months under house arrest—the reality is that his legal troubles were far from over. In a January 2022 civil trial, the U.K.’s High Court found that the company, which by then had changed its name to Hewlett Packard Enterprise (HPE), had “substantially succeeded” in proving that Autonomy leaders had fraudulently made it look like the company was earning more revenue than it was. In 2019 Autonomy’s CFO was convicted of 16 counts and sentenced to five years in prison. At this time, the U.K. case is in a holding pattern as the judge determines what damages are owed to HPE. (The company’s spokesperson Adam Bauer says HPE is “saddened by this tragic event, and our thoughts are with the families and friends of all those who lost their lives.”)

But Lynch’s passing also looms over Invoke Capital, the venture firm he founded in 2011 and whose managing partner—Charlotte Golunski—survived the yacht disaster and saved her 1-year-old baby. One of Invoke’s most prominent bets was a 2013 seed-stage investment in Darktrace, a cybersecurity firm on whose board Lynch sat until 2018. Darktrace has developed a reputation as a sleek AI cybersecurity startup with ties to spy agencies like MI5 and the U.S. National Security Agency. It also became the target of short-sellers who in 2023 expressed doubt over Darktrace’s financial filings—the same sort of allegations that plagued Lynch’s Autonomy. 

Darktrace insists that the short-sellers’ allegations were baseless, and they say an EY audit it commissioned showed this to be the case. In April Darktrace received a $5.3 billion acquisition offer from the giant private equity firm Thoma Bravo. The deal, which Fortune reported will likely go forward despite Lynch’s death, stood to help rehabilitate Lynch’s business reputation. As of Aug. 14, he and his wife collectively owned 3.21% of the company, which would be worth some $170 million upon the deal’s completion. Invoke Capital has not responded to multiple requests for comment, and Darktrace declined to comment.

Following his U.S. acquittal, Lynch was pleased enough with the state of things that he had begun celebrating weeks before the yacht party. In the days following the not-guilty verdict, Lynch and his wife; Stephen Chamberlain and his wife; the attorney Chris Morvillo—who drowned on the Bayesian —and 20 other lawyers gathered at a restaurant at a hotel near the San Francisco courthouse.

Brian Heberlig, an attorney at Steptoe who gave the closing argument in Lynch’s trial, recalls that Morvillo gave a moving toast, telling those assembled that the trial was more than just a job, but one of their life’s works. “He really was a brilliant man,” Heberlig told Fortune , fighting back tears as he remembered Lynch. “And he ran his legal defense the same way I imagine he ran Autonomy. He let the experts do their jobs, while still having a strong grasp on the material. As he used to say, ‘Let the brain surgeons do the surgery.’”

That night was the last time Heberlig ever saw Lynch or Morvillo.

A ‘virtually unsinkable’ boat

The sailing party departed Aug. 14—five days before the storm—and comprised 12 guests and 10 crew members. The Bayesian was one of the biggest yachts of its kind. Its first stop was a cluster of small islands off the coast of Sicily. Then it jetted across the sea to the Sicilian town of Cefalù, before putting down anchor for the final time on the coast of Palermo, a favorite getaway for the rich and famous, and a former haunt for the Mafia.

Lynch’s wife, Angela Bacares, who reportedly held the couple’s entire $1.1 billion fortune, was jolted awake on Aug. 18 as the boat began to tilt. Glass from a shattered window exploded across the deck, according to reports, cutting her feet as she ran to investigate.

Black and white security  footage  appears to show the outline of what is believed to be the 184-foot sailing yacht, which used call sign 2ICB8, slowly disappearing behind a thicker and thicker veil of rain. Nearby villagers and fishermen say they saw a sea tornado called a waterspout. Soon after, the yacht lay on the ocean floor.

Theories are swirling about why the yacht sank. One holds that a bay door was left open in the storm, causing the ship to flood and sink in minutes. Another holds that the Bayesian’ s 246-foot-tall aluminum mast—one of the tallest in the world— broke in the wind and took the boat down with it.

Most news reports say the yacht sank almost instantly, but the CEO of the company that bought the boat’s maker after it went bankrupt in 2021 disputes that. In a Financial Times report, he called the boat “virtually unsinkable,” and says that it dragged its anchor for 16 minutes before it sank. 

During those fateful moments, a far older nearby yacht, the Sir Robert Baden Powell, built in 1957, was drifting on a similar course as the Bayesian and not only survived, but also came to help. Some onboard saw a red flare shooting across the rainy sky—an emergency signal from those who had fled the doomed yacht, drawing the attention to a life raft filled with 15 of the 22 passengers.

Passenger Golunski, 35, who helped run Autonomy the first year it was at HP, described holding her 1-year old daughter Sophia as she screamed for help. One of Lynch’s most trusted employees, Golunski was a founding partner at Invoke Capital, the London-based firm that backed Darktrace. Lynch’s wife Bacares was also in the life raft along with Clifford Chance lawyer Ayla Ronald, 36, who reportedly texted to her father: “there are deaths.”

The lifeboat survivors were soon plucked from the sea while the Bayesian came to its current resting place 50 meters below the surface. Over the course of the next 72 hours, a team of scuba divers from the Guardia Costiera and specially trained cave divers from the Vigili del Fuoco, the local fire department, used boats and a helicopter to triangulate the yacht’s position. The divers, working in bursts of 8 to 12 minutes, searched the Bayesian’ s six guest suites, master suite, multiple living areas, and dining room.

The body of the yacht’s chef, Recaldo Thomas, was the first to be found, floating on the water’s surface. On Wednesday, two days after the wreck, four more bodies were discovered, and on Thursday a fifth. Among them were Lynch and Chris Morvillo of the prestigious law firm Clifford Chance, who had made the controversial decision to have Lynch testify, and questioned him on the stand right before he was acquitted. The others discovered were Morvillo’s wife, Neda, as well as the Morgan Stanley banker and key witness Jonathan Bloomer, who had been a former executive director at Autonomy, and his wife, Judy. The body of Lynch’s 18-year-old daughter, Hannah, was pulled from the sea on Friday.

The U.K. Maritime and Coastguard Agency tells Fortune it is in contact with the Italian authorities but would not provide further information. The U.K.’s Foreign Office told Fortune it is providing “consular support to a number of British nationals and their families…and are in contact with the local authorities.”

More questions than answers

Even as loved ones and the survivors begin to come to terms with the human toll of the tragedy, the business world has begun assessing Lynch’s complicated past and his many business dealings. 

Lynch was born of modest means to a nurse and firefighter in a suburb of London. From an early age he showed a proclivity toward technology and a fiery determination. He studied natural sciences at Cambridge, then returned for a PhD in artificial neural networks, the building blocks of artificial intelligence. When he was still studying for his PhD, he started his first venture, Cambridge Neurodynamics, monetizing computerized fingerprint recognition, eventually evolving into Autonomy. 

Founded in 1996 with David Tabizel and Richard Gaunt, Autonomy used an early version of artificial intelligence to quickly scan what’s known as “unstructured data,” especially including language. Autonomy quickly became a darling of the U.K.’s fledgling tech scene, and it was seen as a crowning achievement when, in 2011, the company struck an $11 billion deal to be purchased by HP, now HPE. The deal, however, was quickly engulfed in scandal when a year later the new owner alleged accounting fraud and wrote down its investment by $8.8 billion.

Despite the baggage around Autonomy, Lynch continued to ride high in the tech world through his venture firm, Invoke Capital, which he founded in 2012. One of its most profitable investments was Darktrace, which he backed in 2013 and joined as a board member. By 2016 he told TechCrunch that 60 employees from Autonomy were working at Invoke, that he’d raised a billion dollars to invest in startups, and that Darktrace was worth $500 million.

While fighting the legal battle over Autonomy and building Invoke, Lynch enjoyed the trappings of a mogul. The same year he announced his billion-dollar startup fund, he was sailing the Bayesian , worth an estimated $25 million. He reportedly also owned a $6 million, 69-acre Georgian manor.

By early 2020 Darktrace shared deep connections with Autonomy, including half of Darktrace’s board and six of its eight top executives. The following year Darktrace went public, soaring 40% above its pre-market value. But the victory lap was brief. In September 2022, an acquisition talk between private equity firm Thoma Bravo and Darktrace fell through , sending share prices tumbling. In early 2023, the short-selling firm Quintessential Capital Management published a 70-page report accusing Darktrace of similar misconduct that had sunk Autonomy.

“We are deeply skeptical about the validity of Darktrace’s financial statements,” the report read. Darktrace’s shares plunged as much as 17% after the report was published, though the company said at the time that the management team and board had “rigorous controls in place.” Darktrace hired EY to perform an audit, which stabilized its share price after the accounting firm found the company’s earlier financial results did not need to be restated. Darktrace never publicly released the report, however, with a spokesperson saying at the time that it contained “commercially sensitive information.”

More recently, Darktrace’s CEO Poppy Gustafsson wrote in the firm’s Q4 trading report of “shareholders voting overwhelmingly in favour” of the acquisition, and added the company is “awaiting the conclusion of the remaining regulatory processes.”

Until very recently, Darktrace had sought to distance itself from Lynch and his VC firm. In December, shareholders passed a resolution that rejected Invoke non-executive director Patrick Jacob’s reappointment to its board. This April, Invoke lost the right to that same board seat when it was discovered its shares had fallen below the required 10% threshold. Nonetheless, in a memorial to Lynch, Gustafsson wrote : “Without Mike, there would be no Darktrace. We owe him so much.”

While the Italian authorities continue to investigate the crash site, one thing is certain: The swirl of legal and business battles that surrounded Lynch during his lifetime are likely to continue after his death. A local Italian news site reports that the public prosecutor’s office in a nearby town, Termini Imerese, is looking into allegations of manslaughter surrounding the sunken boat. And two months before Lynch died, former U.K. Secretary of State David Davis reportedly said he was working with Lynch to scrap U.S./U.K extradition agreements that allowed Lynch’s trial to happen in the first place. 

On Wednesday, Aug. 21, Davis told GB News he would continue that fight in memory of Lynch. “We need to get a grip of this,” said Davis. “Mike, when he’d won his case, almost the first thing he did was ring me up and say, ‘We’re going to have to defeat this treaty, we’re going to have to overcome this treaty and get it changed for the better.’”

“I am looking forward to returning to the U.K. and getting back to what I love most: my family and innovating in my field,” Lynch said after the verdict.

Lynch’s desire to extend the legal fight even after his not-guilty verdict reflects the scrappiness he displayed throughout his life. This helped him ascend to the highest rungs of business and moguldom—but the success also came with a tenuous quality as questions about his business dealings dogged him for years. The not-guilty verdict and the pending Darktrace sale meant Lynch was in position to finally cast off that shadow. But now his ultimate legacy is poised to be tied forever to a mysterious and tragic hour on the Mediterranean Sea.

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98 ft Ferretti Yachts 2025

Price: call for price, btc price: 0.000.

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Ferretti Yachts 1000

Developing the concept for a new project is, above all, a journey. It is an experience where the only limit is your imagination, on a quest for sensations, for materials, geometries and forms – to express the essence of a style that must be utterly unique, in every aspect. We have not settled for dreaming up an ingenious concept with state-of-the-art technical solutions, increasingly inspired interiors, and living spaces of unprecedented comfort. We pushed ahead, even further, in space and time. Until we were absolutely certain that we had found the new essence of Ferretti Yachts, the quintessence of wellbeing and style.

Available December 2025

Disclaimer: FYI Yachts is pleased to assist you in the purchase of this vessel. This boat is centrally listed by Ferretti Group America

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