Cornwall RLFC: League One side folds due to finance issues

League One side Cornwall RLFC have folded due to financial issues.

The club, which was formed in 2021, had been taken over by Cornish businessman Kenny Stone in November.

But Stone says he is unable to bring in new investors to help fund them going forward.

Stone took over from a consortium led by Canadian owner Eric Perez with the aim of making it a community-based club.

But their record home loss – a 78-6 defeat by Whitehaven at Penryn – has proven to be their last match.

The news comes as Super League side Salford struggle with ongoing financial issues which has seen the club lose a host of players and win just one game so far this season.

“The club’s current ownership group, who gained control of Cornwall RLFC back in November, immediately sought further investment to try and stabilise the club and to grow the game of rugby league in the Duchy, through a professional club,” a statement on Cornwall’s website read.

“Significant progress was made with potential overseas investors to achieve this although sadly, due the current uncertainties in the United States of America, this has not been possible.

“The club have subsequently explored other avenues to secure required funding, but these have been extensively exhausted, leaving Cornwall RLFC with no option other than to withdraw immediately.

“Cornwall RLFC would like to place on record its thanks to the club’s players, coaching staff, officials, sponsors and fans for their unwavering support over the past four years.”