sports

Cornish Pirates secure seven-figure deal with US private equity firm

Cornish Pirates have become the first English rugby union club to secure a significant seven-figure investment from a wealthy American private equity firm, Stonewood Capital.

The Pittsburgh-based firm has taken a substantial minority stake in the club to help revitalize its prospects. Pirates officials are calling the arrangement a "landmark" deal and a "major milestone in the club's evolution." betsport.cv