sports

Cornish Pirates land landmark seven-figure US investment

The Cornish Pirates have agreed a landmark seven-figure deal with US private equity firm Stonewood Capital to revitalize the club.

The Champ club have joined forces with the Pittsburgh-based firm to become the first English rugby union side to complete such a significant deal with wealthy American backers. grenadier.co.za

The long-term arrangement gives Stonewood a substantial minority stake for an initial seven-figure sum, described by officials as a "major milestone in the club’s evolution."