CricketPreview
IPL Match Today, LSG vs RCB: Predicted playing XI, head-to-head, pitch report, Lucknow weather update
IPL Match Today: LSG vs RCB - Key Insights and Predictions
Yahoo Sports1 min read
Sports
Cornish Pirates secure 'landmark' US investment
TL;DR
Cornish Pirates have secured a landmark investment from Stonewood Capital Management Inc., led by J. Kenneth Moritz and John H. Tippins. This investment follows the recent addition of businessman Richard Wastnage to the club's board.
Key points
- Cornish Pirates announce new investment
- Investment from Stonewood Capital Management Inc.
- Led by J. Kenneth Moritz and John H. Tippins
- Richard Wastnage recently joined the club's board
- Investment aims to enhance club's financial stability
Mentioned in this story
Cornish PiratesStonewood Capital Management Inc.J. Kenneth MoritzJohn H. TippinsRichard Wastnage
Champ club Cornish Pirates have announced new "landmark" investment from American firm Stonewood Capital Management Inc.
The deal is backed by J. Kenneth ('Kenn') Moritz and John H. Tippins of the Pittsburgh-based investment group.
The new investment comes less than a week after businessman Richard Wastnage joined the club's board after also providing new financial investment.
He joins 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."
The Champ side are seventh in the league table and go into their final game of the season on Saturday, away at Hartpury RFC, still in with a chance of making the play-offs.
The 2031 Rugby World Cup is due to be held in the United States and Pittsburgh is among the cities bidding to host the event.
Moritz, who is president of Stonewood Capital Inc, said they saw a "compelling opportunity" in Cornish Pirates.
"A club with a proud history, a passionate community and a clear strategic plan for growth," he said.
"Rugby is entering an exciting global phase, and we believe this investment places us at the heart of that journey."
Can Cornwall realise top-flight potential? - Analysis
Cornwall has always been one of rugby union's hotbeds, but the county has never had a top-flight team.
Q&A
What is the significance of the Cornish Pirates' new investment?
The investment from Stonewood Capital Management Inc. is considered a landmark deal that could enhance the club's financial stability and growth.
Who are the key investors behind the Cornish Pirates' new funding?
The investment is backed by J. Kenneth Moritz and John H. Tippins from the Pittsburgh-based Stonewood Capital Management Inc.
When did Richard Wastnage join the Cornish Pirates' board?
Richard Wastnage joined the Cornish Pirates' board less than a week before the announcement of the new investment.
