sports

Cornish Pirates secure US private equity investment

The Cornish Pirates have secured a significant minority stake from the US private equity firm Stonewood Capital, marking a major milestone for the club.

This deal involves an initial seven-figure sum and positions the Penzance-based club as the first in English rugby union to partner with wealthy American backers. Pirates officials described the agreement as a "landmark" deal aimed at revitalising the team's prospects. sportnewz.click