Cornish Pirates boosted by ‘milestone’ seven-figure deal with US private equity firm
•Stonewood take minority stake in Champ clubPirates officials call it a ‘landmark’ dealCornish Pirates have stolen a march on some bigger sides in the Prem by becoming the first English rugby union clu...
•The Champ club have joined forces with the Pittsburgh-based private equity firm Stonewood Capital with the aim of revitalising the prospects of the Penzance side.The long-term arrangement would give S...
•Pirates officials are calling it a “landmark” deal and a “major milestone in the club’s evolution”.
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المصدر: The Guardian Sport | Source: The Guardian Sport
Stonewood take minority stake in Champ club
Pirates officials call it a ‘landmark’ deal
Cornish Pirates have stolen a march on some bigger sides in the Prem by becoming the first English rugby union club to complete a significant deal with wealthy American-based backers. The Champ club have joined forces with the Pittsburgh-based private equity firm Stonewood Capital with the aim of revitalising the prospects of the Penzance side.
The long-term arrangement would give Stonewood a substantial minority stake in the club for what is understood to be an initial seven-figure sum. Pirates officials are calling it a “landmark” deal and a “major milestone in the club’s evolution”.
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