Investment in Cornish Pirates: A New Chapter for English Rugby
How reading the Guardian led to a million-pound move for Cornish Pirates
The Guardian
Image: The Guardian
Kenn Moritz, president of Stonewood Capital, has invested in the Cornish Pirates, a second-tier English rugby club, after reading an article in the Guardian. This investment aims to revitalize the club and capitalize on the growing interest in English rugby, especially with the upcoming 2031 Rugby World Cup in the United States.
- 01Kenn Moritz's investment in Cornish Pirates was inspired by a Guardian article.
- 02Stonewood Capital has made a seven-figure investment for a minority stake in the club.
- 03The Pirates aim to improve facilities and expand their team, including a women's team.
- 04Moritz sees potential for growth in English rugby, viewing it as a 'sleeping giant.'
- 05The club's lack of historical debt presents a unique opportunity compared to larger teams.
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Kenn Moritz, the president of Stonewood Capital, has made a significant investment in the Cornish Pirates, a second-tier rugby club in Cornwall, England. This decision was sparked by an article he read in the Guardian about the club's search for investment. Moritz, along with fellow investor John H Tippins, has acquired a 'strong minority interest' in the Pirates, pledging an initial seven-figure investment aimed at revitalizing the club. They plan to enhance stadium facilities and discuss the establishment of a women's team and an academy. Moritz believes that English rugby is a 'sleeping giant' with immense growth potential, especially with the 2031 Rugby World Cup set to take place in the United States. The Pirates' chief executive, Sally Pettipher, shares this vision, emphasizing the club's ambition to reach the Premiership level within five years. With a loyal fan base in Cornwall and no significant historical debt, the Pirates are poised for an exciting future.
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The investment is expected to boost local interest in rugby and improve facilities, potentially increasing community engagement and support for the Cornish Pirates.
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