If this is the case, I would suggest finding a restorer to sell to.

I just did some googling, he could ask these guys if they know shops looking for a car:

http://www.fantasyjunction.com/

Or sort through this list of restorers:

http://www.autoloansinc.com/autos_antique_classic_collectible.jsp


EDIT:
I just found this guy, maybe he'll take it off your friend's hands:
http://www.britisheuropean.com/

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1984 300TD

Sounds like a familer story. RR seem to be even worse than Jags, and thats saying something.

He sould cut his loses and donate it to the RR club or a charity. Any money spent fixing it is just throwing good after bad.

We tried to get my grandmother to CFC her XJ8 since its a pretty POS, for a nice new reliable Honda Accord. She wouldn't go for it.

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1999 SL500
1969 280SE
2023 Ram 1500
2007 Tiara 3200