Hollywood star Ryan Reynolds has been on a spending spree to support Wrexham Football Club’s incredible journey up the English Football League (EFL) ladder. The team’s recent victory over Stockport County has kept them in contention for promotion to the Championship, sitting 11 points behind the leaders, Birmingham City. Wrexham, under the guidance of manager Phil Parkinson, is currently on track for a historic return to the second tier of English football since their last appearance in 1982.
Reynolds, along with his co-owner Rob McElhenney, purchased Wrexham in 2020 for around £2 million, injecting substantial funds into the club’s development. The duo’s investment has not only benefitted the playing squad but has also extended to plans for renovating the iconic Racecourse Ground, including a revamped Kop stand. However, this financial commitment has come at a cost, with reports indicating losses of millions of pounds during their ownership.
In a recent episode of their documentary series, “Welcome to Wrexham,” Reynolds and McElhenney were informed of a staggering $12 million loss incurred since acquiring the club. Despite efforts to increase the club’s turnover significantly, with a reported 155% rise to £26.7 million, Wrexham still recorded losses of £5.113 million the previous year. The latest financial figures show a further loss of approximately £2.7 million, partly attributed to bonuses triggered by the team’s promotion to League One.
To alleviate some of the financial pressures, the club has repaid around £15 million in loans provided by the owners. Yet, with impending regulations in the Championship concerning profit and sustainability limits, Wrexham must carefully manage their finances as they aim to secure a Premier League spot in the future. The club is set to comply with EFL rules allowing a maximum loss of £41.5 million over a three-year period, with the upcoming seasons critical to maintaining financial stability.
Despite the significant financial challenges, Reynolds, McElhenney, and the club’s supporters remain optimistic about Wrexham’s future. The potential promotion to the Championship offers not only sporting success but also the opportunity for the Hollywood duo to solidify the club’s long-term viability. The owners’ vision for Wrexham extends beyond the current success on the field, as they aspire to build a team capable of competing at the highest levels of English football and bringing glory to North Wales.
As Reynolds and McElhenney navigate the complexities of club ownership and financial sustainability, their commitment to Wrexham’s growth and success remains unwavering. The Hollywood pair’s journey with the club has captivated fans and onlookers alike, with their dedication to revitalising Wrexham Football Club serving as a testament to their passion for the sport and the community. With each financial challenge overcome and every milestone achieved, Wrexham’s story under the ownership of Reynolds and McElhenney continues to inspire hope and optimism for what the future holds.