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The owners of the two biggest professional sports clubs in Cornwall, the Cornish Pirates and Truro City Football Club, have today launched an exciting crowdfunding campaign aimed at raising £2.5m for both clubs.
The announcement was made by Kernow Sport Limited, a new umbrella company designed to safeguard the future of professional rugby and football in the Duchy.
The crowdfunding campaign provides ordinary members of the public, as well as more established investors, with an exciting opportunity to invest in professional sport in Cornwall.
Both the Cornish Pirates and Truro City Football Club have strong aspirations to grow and develop.
This season, the Cornish Pirates reached 5th in the Championship and thesemi-finals of the Championship Cup.
Meanwhile Truro City Football Club won the Southern League Premier South play-off final and gained promotion to National League South.
Investors will be able to contribute as little as £10, but an exciting range of rewards will be unveiled in the coming weeks in return for higher contributions.
The crowdfund campaign is being coordinated using the specialist fundraising platform Crowdcube, which is Europe’s largest equity crowdfunding platform allowing ordinary members of the public to buy shares in exciting businesses.
People will be able to register an account with Crowdcube and express interest in investing in Kernow Sport Ltd from today, and anyone registered will be then invited to make their investment from June 2023.
Anyone interested in investing can register their interest on the Crowdcube platform at crowdcube.com/pre-reg/kernow-sport-ltd
Becki Thomas, Chief Executive Officer at Kernow Sport Ltd, said: “Both our clubs have been flying the St Piran flag with pride in English sport. This is a unique and rare opportunity to not just be a fan, but to own your own part of professional sport inCornwall.
“Working with our amazing community of fans and investors in this way means we can ensure the clubs have a solid future. We are now in advanced discussions with Cornwall Council and look forward to getting a new ground for our clubs up and running as soon as possible, and getting Truro City FC back playing football in Cornwall.”
Kernow Sport Ltd Director Dicky Evans said:
“It has been the honour of my life to take the Cornish Pirates into the top 20 of English Rugby and more recently to ensure that despite no home ground in Cornwall, that Truro City’s team were well funded and able to get promoted. It is a privilege to be a shareholder in these teams, and now that Kernow Sport owns both, I am delighted that it has opened the door to fans and investors to own a part of Pirates and TCFC and be fundamental to their success.
“Fan ownership is a well worn path in other clubs and has given life and security to teams around the UK. TCFC and Pirates under Kernow Sport, are allowing new fan shareholders to come in on a rising tide of sporting success to be a part of an even greater future.”
Cornish Pirates Joint Head Coach Alan Paver said:
“This is an incredible opportunity to support our club and help develop the squad. All you need to do is register your interest on the Kernow Sport Ltd page of the Crowdcube website and the chance to invest will be announced soon. For one and all!”
Truro City FC Head Coach Paul Wotton said:
“This has been an incredible year for the White Tigers and making it possible for our loyal fans to invest in our development is the icing on the cake. I urge all Truro City fans, their families and friends to visit the Crowdcube page and register their interest as soon as possible.”
Disclaimer: Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more: https://www.crowdcube.com/explore/risk-warning