near three-decade association with the club<\/a> ended in January 2025. <\/p>\nCornish Pirates’ ownership is now a mix of their United States-based investors and a group of shareholders based closer to home. <\/p>\n
“That’s an enabling investment to take us to the stage after this,” added Pettipher.<\/p>\n
“So it’s important, but it’s not a lottery win, I would say.<\/p>\n
“We have a 10-year development plan. If I can make it faster I will, but the 10-year development plan is a series of investments that gets us to be a top of Premiership club.<\/p>\n
“That’s a long way from where we are because we have to be ready, have to meet minimum standards, and we have to be a fantastic Championship club.”<\/p>\n
While the lack of a suitable stadium that meets Prem Rugby criteria could be seen as the club’s biggest obstacle to promotion to the Prem under the new franchise-based system, Pettipher says there are other equally as big hurdles: <\/p>\n
“There are many minimum standards that are required to become a Premiership club and one of those is a business plan that allows you to commercially exist,” she said.<\/p>\n
“There’s a new minimum standard that’s come in which is a salary floor, so not just a salary cap. So the business plan has to support a \u00a35m budget for your rugby players alone.<\/p>\n
“People don’t think about the fact that we only have 14 trading days a year, 14 home matches.<\/p>\n
“So actually, what we have to do as a business is create a business that is working 365 days a year and is generating the sort of income that can support a club with a business plan required by the Premiership.<\/p>\n
“The great thing about these new investors is they are very, very talented business people as well as rugby people.<\/p>\n
“So adding in business brains and planning brains and information networks and contact networks is a gift that they give and an investment that they’re putting in alongside the financials.”<\/p>\n<\/div>\n
\n
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