Hardinge HLV-H Leaking or Over-heated Transformer help

Hello again, I am in the midst of purchasing an HLV-H. Upon closer inspection, I noticed that the transformer in the upper right hand side of the cabinet appears to have leaked or melted at some point. I am wondering if anyone has an opinion on what could have caused it? I have read a few posts about the coolant pumps causing issues. This particular lathe no longer has a pump and has a few taped off wires in the cabinet that may be from that as well (speculation). I am wondering if the lathe will still be functional in this state or if the transformer is required for other lathe operations (or are they handled by the other transformer in the lower left)?

Thanks,
Jason

P.S. Sorry about the sideways photos. I have rotated and saved them several times but when uploaded they revert back. I have to do some more looking into the upload options.

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