So we launched the boat after sitting for 8 years and water starts gushing into bilge. Engine NOT running. We pull the boat back out on the trailer and start filling the bilge with water to chase the leak. When the water line in the bilge is an inch below the oil pan we get the leak shown in the picture, lots of water coming from bottom of outdrive where it meets the transom just above the drain plug. Boat and trailer were fairly level when we performed the test and also the transom is solid (no rot).
What's my next move??
What's my next move??