National League Rugby Discussion Forum Homepage
Forum Home Forum Home > League Rugby - www.leaguerugby.co.uk > The Championship
  New Posts New Posts RSS Feed - Pirates under new ownership
  FAQ FAQ  Forum Search   Events   Register Register  Login Login

IMPORTANT Remember to read the rules of the board and abide by them when posting.

Pirates under new ownership
 Post Reply Post Reply
Author
Message
  Topic Search Topic Search  Topic Options Topic Options
Stalwart* View Drop Down
First XV squad
First XV squad


Joined: 05 Dec 2024
Location: Penzance
Status: Offline
Points: 31 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Stalwart* Quote  Post ReplyReply Direct Link To This Post Topic: Pirates under new ownership
    Posted: Yesterday at 11:40
The Pirates are under new ownership after a consortium of 4 businesses have taken over the club from Sir Dicky Evans.
The new ownership group is led by current Cornish Pirates board member Martin Hudson, who is associated with the horticulture business that was run by Dicky Evans.
He will be joined in the consortium by Philip Champ, Anthony Whyte and Lee Miles.
Champ is a sponsor and shareholder of the club and runs a medical supply firm, Whyte's scaffolding firm also sponsors the club while Miles runs a hospitality and farming business that supplies the club.
Paul Durkin will stay on as the Cornish Pirates' chairman while Sally Pettipher will continue to act as the club's chief executive.
Pirate
Back to Top
Paul10 View Drop Down
World Cup Winner
World Cup Winner


Joined: 24 Mar 2023
Location: Milton Keynes
Status: Offline
Points: 821 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Paul10 Quote  Post ReplyReply Direct Link To This Post Posted: Yesterday at 12:03
Good luck to them.
Back to Top
Camquin View Drop Down
World Cup Winner
World Cup Winner
Avatar

Joined: 01 Jun 2007
Location: Cambridge
Status: Offline
Points: 11672 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Camquin Quote  Post ReplyReply Direct Link To This Post Posted: Yesterday at 12:04
If that ensures the continued existence of the club, it has to be great news. Hopefully this means plans can be made in time for next season.

Obviously, we all know that changing owners can be risky, but given that are already long time sponsors, we have to assume that they have the best interest of the club at heart.

Unfortunately, I will not make it to Penzance this season, work means I am travelling.

Sweeney Delenda Est
Back to Top
KnightsBoy View Drop Down
World Cup Winner
World Cup Winner
Avatar

Joined: 31 Oct 2010
Location: Doncaster
Status: Offline
Points: 2993 		Post Options Post Options   Thanks (0) Thanks(0)   Quote KnightsBoy Quote  Post ReplyReply Direct Link To This Post Posted: Yesterday at 12:47
Good news for a great club
Back to Top
Rothman2 View Drop Down
World Cup Winner
World Cup Winner

Rotherham

Joined: 20 Jan 2010
Location: Derby
Status: Offline
Points: 11889 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Rothman2 Quote  Post ReplyReply Direct Link To This Post Posted: Yesterday at 13:38
That’s great news.

Hope all goes well guys. 

Congratulations 👏👏👏👏
Back to Top
islander View Drop Down
World Cup Winner
World Cup Winner


Joined: 17 Mar 2010
Location: jersey
Status: Offline
Points: 7710 		Post Options Post Options   Thanks (0) Thanks(0)   Quote islander Quote  Post ReplyReply Direct Link To This Post Posted: 11 hours 32 minutes ago at 09:12
well done to Pirates... & any tier 2 club that can attract new investment in the current landscape Clap
Back to Top
Big Eddie View Drop Down
World Cup Winner
World Cup Winner
Avatar

Joined: 19 Jun 2007
Status: Offline
Points: 5066 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Big Eddie Quote  Post ReplyReply Direct Link To This Post Posted: 10 hours 48 minutes ago at 09:56
Originally posted by islander islander wrote:

well done to Pirates... & any tier 2 club that can attract new investment in the current landscape Clap

Or any loss making Premiership side that can attract new investment in the current landscape. 

I have reviewed all the latest accounts filed at Companies House for all 10 Premiership Clubs. Not a single one of them made a profit with the average loss before tax being £3.8m, the biggest loss before tax being a whopping £7.05m and the smallest loss £410k. The average loss is likely to increase because I had to use the 2023 accounts for 4 clubs as they haven't yet filed their 2024 accounts.
''The future isn't what it used to be''
Back to Top
Paul10 View Drop Down
World Cup Winner
World Cup Winner


Joined: 24 Mar 2023
Location: Milton Keynes
Status: Offline
Points: 821 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Paul10 Quote  Post ReplyReply Direct Link To This Post Posted: 9 hours 58 minutes ago at 10:46
It's not an investment
Back to Top
Big Eddie View Drop Down
World Cup Winner
World Cup Winner
Avatar

Joined: 19 Jun 2007
Status: Offline
Points: 5066 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Big Eddie Quote  Post ReplyReply Direct Link To This Post Posted: 5 hours 57 minutes ago at 14:47
Originally posted by Paul10 Paul10 wrote:

It's not an investment


Correct! No fathomable business model ........just a bottomless pit. I cannot understand when the shareholders of these premiership Clubs will ever get a return on their investment and I don't think they know either........bonkers from a business perspective.
''The future isn't what it used to be''
Back to Top
islander View Drop Down
World Cup Winner
World Cup Winner


Joined: 17 Mar 2010
Location: jersey
Status: Offline
Points: 7710 		Post Options Post Options   Thanks (0) Thanks(0)   Quote islander Quote  Post ReplyReply Direct Link To This Post Posted: 5 hours 9 minutes ago at 15:35
Originally posted by Paul10 Paul10 wrote:

It's not an investment


Fair point; interesting to see what level of invest... sorry funding, is anticipated at Pirates after last summer's rather gloomy announcement that there was only funding to stay full-time until December (albeit the 'cut-off' date was subsequently pushed back to end of season...)
Back to Top
Paul10 View Drop Down
World Cup Winner
World Cup Winner


Joined: 24 Mar 2023
Location: Milton Keynes
Status: Offline
Points: 821 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Paul10 Quote  Post ReplyReply Direct Link To This Post Posted: 4 hours 34 minutes ago at 16:10
Originally posted by Big Eddie Big Eddie wrote:

Originally posted by Paul10 Paul10 wrote:

It's not an investment


Correct! No fathomable business model ........just a bottomless pit. I cannot understand when the shareholders of these premiership Clubs will ever get a return on their investment and I don't think they know either........bonkers from a business perspective.

The return isn't financial. It's rugby.

It doesn't make financial sense. I don't think it's meant to.
Back to Top
cheshire exile View Drop Down
World Cup Winner
World Cup Winner


Joined: 05 Feb 2009
Status: Online
Points: 2541 		Post Options Post Options   Thanks (0) Thanks(0)   Quote cheshire exile Quote  Post ReplyReply Direct Link To This Post Posted: 2 hours 47 minutes ago at 17:57
From our announcements it is clear that the new Pirates directors will not be putting in anywhere near the money that Sir Dickie Evans has injected season by season. The hope is that guys who are locally based will be able to add ideas and initiatives to capitalise on a unique geographical heritage and identity.
Hopefully Pirates can demonstrate that it’s not all about the money.


Edited by cheshire exile - 41 minutes ago at 20:03
Back to Top
 Post Reply Post Reply
  Share Topic   

Forum Jump Forum Permissions View Drop Down

Forum Software by Web Wiz Forums® version 12.04
Copyright ©2001-2021 Web Wiz Ltd.