Pirate FM News

Cornish Pirates' Owner Sells Club

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Published by the Pirate FM News Team at 5:53pm 30th June 2014

Cornish Pirates owner Dicky Evans has announced he is leaving the club.

After twenty-years he is handing it over to shareholders and a board of directors.

He has sold the Penzance outfit for a pound, saying he is stepping  down due to things like family, age and health.

An announcement on the club's website called " Into The Sunset ... And A Brand New Dawn Is On Its Way" Mr Evans wrote: "After 20 years, along with some excellent crew, driving the good Ship Penzance & Newlyn Pirates to the upper echelons of rugby in our country, I now stand aside on Tuesday July 1st and hand over the professional Club to a new fresh set of shareholders led by a seven strong Board of Directors.

"Family, age, health, distance, weariness, frustration, other business commitments stacked up and brought me to the conclusion last September that I should resign and I did so but kept it amongst close colleagues initially.

"In the last few months with the help of my lawyer, Mark Taylor, our excellent accountant at the Club, Rebecca Daniell and Sue & Richard Cockram who handled the shareholder secretariat brilliantly, we have reached the final stages and I sign over the shares this next week in Kernow Sport, to just over 70 new shareholders.

"They inherit the club in a considerably better position than it was in 1995 when I became seriously involved, as we have no debt and are in the top 24 teams in England. Long may it last.

"I have sold the business totally debt free for £1 and written off all loans to both the professional club and to the members club including numerous costs over the years associated with the upkeep of the clubhouse Westholme as well as the nursery training pitch sorted in the late 90s.

"The Pirates will now move into an exciting new era with new ideas and new energy."

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