Cornish Pirates secure 'landmark' US investment
Champ club Cornish Pirates have announced new "landmark" investment from American firm Stonewood Capital Management. The deal is backed by J. Kenneth Moritz and John H.
Tippins of the Pittsburgh-based group, with both joining the club's board of directors.
Champ club Cornish Pirates have announced new "landmark" investment from American firm Stonewood Capital Management. The deal is backed by J. Kenneth Moritz and John H.
Tippins of the Pittsburgh-based group, with both joining the club's board of directors. The news comes less than a week after businessman Richard Wastnage also became a member of the board , having provided new financial investment. The trio join the consortium of local businessmen who took over the Penzance-based club in 2025.
"This is a hugely significant moment for Cornish Pirates," said Pirates chief executive officer Sally Pettipher. "To attract investment from experienced US investors of this calibre is a powerful endorsement of our strategy, our people and our long-term vision to build real value, both financial and social. " Pirates are seventh in the Champ table and go into their final game of the season on Saturday, away at Hartpury, still in with a chance of making the play-offs.