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Reiny, I will send you the article about how it was found...from the Fall 2010 Shelby American, a story from one of the previous owners.
Wolfgang

There used to be a list (as of 2009) of early 1967 brass tag cars (delivered until Dec. 1966) on the FE-Forum listing Fairlanes, Galaxies and Mustangs with the brass tag numbers first digits (last digits removed for obvious reason).
I counted 20 on this list for the Detroit area only. The listed ones were mostly for the 427 development, 14 of those showing specific 427 engine test usage, 2 for drag tests, some for highway use.
Nothing with a word Shelby..

Just for the records some more engine bay pictures.

On sale in Belgium (480013) this week.

Acc. to some pics in Alex Tremulis archive Vince Gardner from DST formed the rear spoiler on his (or a) red fastback some time after 5S08F100009. Gardner and Tremulis met each other quite often and both cars (red and white)appeared there in private photos at Gardners house. Seems like Vince made a second on the white car seen above or changed it to that one later. I think they both together put the first spoiler on Mustang fastbacks aside from the shorty

4701 AM/FM for all bodystyles of 68 Mustangs. (Source: Mustang by the Numbers from Kevin.)

Export version received today in Europe.

Congrats to the new Shelby owner Sally. And for the successfull fund-raising for SAAC.

An invisible number (Post count) won't cure the disturbances. The motivation of a troll is not a count, but disturbance and provoking the audience. Easier to block the disturbance at the entrance via all channels that lead to this forum, if forum rules are violated. The problem seems to be rather a clear Forum rule.

If I remember correctly they had a 1964 Mustang shipped over from UK to Koni/Netherlands, I will need to find again, which one it was.
Acc to this article (thanks to Arjan Nugteren/Dutchmustang.nl) Koni developped  a variety including a  6 damper upset (2 guide the rear axle better)  (Autovisie 30/1965)
On sale for 325 dutch guilders.

About the export brace missing - true my 68 T-5 that was originally bought by a US serviceman had no export brace installed. It is assumed that PX ordered cars for servicemen could be done that way, as they were thought to be brought back. I have seen not to many T-5s without export brace, maybe one or two. In most cases owners think it is not a real T-5, so they do not register.

Flipping the pages only to get a quick look through it, downloading for reading one or the other article and for the archive and then reading again end of the year the details.
Flipping not needed, when it saves money.

A few bits from research and interviews over decades.
According to that 5R097 was raced until 1967 (last known race La Baule), by Pius Zuend initially in 65 (who also raced the DPK4B 1964 Alan Mann Mustang) , later also by Hanrioud, Ettmueller and others. In Olon-Vilars it already had a piston damaged and the race motur was said not to be restorable (quote: Claude Sage).

Further traces: Over the years the Filippinetti team had various racers with the above being members of the team or contracted, one of them being Herbert Mueller. Herbert had various Shelbys over the years, including some street cars that are fairly known today. Some said Claude Sage, who directed the F. team in those years got 5R097, other rumours are around that Mr. Band. Later on Rene Herzog was the race team leader of the Herbert Mueller race team at least through 1971.

Finally Rene Herzog said in one interview, he bought remainders of the crashed 5R097 and regrets that he let the rest go, as it had little value back then. Rene raced other Shelbys later, but they have no connection to 5R097.

By coincidence I stumbled last week over this  Ghia 450SS convertible with a separate roof top (1 of 57 built in 66/67).

Although US business man Sugarman never mentions his relation to the Cobra from 1965, he narrates his visit in 1964 to Ghia, when he wanted to buy the 230S from Ghia. Turned out it had no engine.
Which triggered his search for an american engine and suitable chassis, he tells (Autoweek interview).
Out of this sudden sponsorship and Ghias failing in getting Fiat on board, experiments with others may sound logical, yet ending with a Barracuda sent over and finally turning it into a 450SS convertible for Chrysler for 66/67. Just saying the 65 Turin show may fit these experiments done with italo-american combos, which were popular in Europe as well.
Sugarman build his own Ghia sales outlet in Beverly Hills. Not saying that he triggered also the Cobra, maybe just the search for something that could work.
Rather Ghia was interested to build its own car after the interest in the 230S and using all channels incl. De Tomaso to get chassis and engine into their bodywork.
Money was needed and obviously not available for the Cobra GT bodywork in 1965 from Ghia.
Claude Dubois in his book says that there was little room for playing with Cobras due to the contracts, when he was looking for additional business opportunities. He (much later) connected to Frua and the AC428 and of course De Tomaso.
Again no hard facts here, but some sort of explanation for the exercise maybe.

Wally, read my interview in the first post again for the sequence of mods. You need to decide, if you want to paint it as raced in round 1, during the stop or one of the following hours. I am not sure, if any artist does a composition this way, typically one takes one race pic with facts as raced in this moment with the exact background to be factual correct. Composing theories makes it opinion based. Most of the internet is today opinion-based, rather than realistic or factual. Maybe artwork has changed as well?Just my thoughts😉
Claude let put the second set of hood pins on, because the hood bulged upwards during April testing at high speeds, it was already slightly out of shape, when it arrived.

Thank you, good to know they left the factory at least.