TV presenter Knowles buys stake in Cornish Pirates

Television personality Nick Knowles has invested in Cornish Pirates, a rugby club from Cornwall. Known for his work on shows like DIY SOS and National Lottery: Who Dares Wins, Knowles is now part of the club's ownership group. This makes him the latest individual to join the ownership group, following the American investment by Stonewood Capital Management in May.

Cornish Pirates chief executive Sally Pettipher praised Knowles, noting his rugby background, philanthropic work, and ability to bring visibility to the club. She believes his investment will help increase the club's national and international audience. The investment comes as Cornish Pirates seeks more funding after the departure of long-time owner Sir Dicky Evans.

While the club works towards its 10-year development plan, there are several obstacles to overcome, including the lack of a stadium meeting Prem Rugby standards and the need for a business plan that supports a £5m budget for players. Knowing the club's challenges, Pettipher is grateful for Knowles' business and rugby expertise, which she hopes will help the club progress to a top Premiership club.