March 28, 2024
Wrexham AFC owe nearly £9m to Ryan Reynolds and Rob McElhenneys company
Wrexham co-owners Rob McElhenney and Ryan Reynolds (PA) Get the latest entertainment news sent straight to your inbox with our weekly Showbiz newsletter More Newsletters Subscribe Please enter a valid email Something went wrong, please try again later. More Newsletters We use your sign-up to provide content in ways you’ve consented to and improve our understanding of you. This may include adverts from us and third parties based on our knowledge of you. More info Thank you for subscribing! We have more newsletters Show me See Our Privacy Notice See Our Privacy Notice × Group 28 Get the latest entertainment news sent straight to your inbox with our weekly Showbiz newsletter Invalid email Something went wrong, please try again later. Sign Up No thanks, close We use your sign-up to provide content in ways you’ve consented to and improve our understanding of you. This may include adverts from us and third parties based on our knowledge of you. More info × Group 28 Thank you for subscribing! We have more newsletters Show Me No thanks, close See our Privacy Notice Wrexham Football Club owe Rob McElhenney and Ryan Reynolds nearly £9m. The Welsh team lost £5 million in the year of their promotion to the English Football League (EFL) but turnover has since doubled to almost £10.5 million. Wrexham said financial losses suffered since the takeover in February 2021 by It's Always Sunny In Philadelphia creator McElhenney and Deadpool Actor Reynolds should not be repeated due to the income now generated by the League Two club. Read More Related Articles Gladiators delights fans as it announces second series on BBC Read More Related Articles Love Island star Shannon Singh targeted in horrific racist attack "The amount owed to The RR McReynolds Company, LLC (owned by the two actors) at the year-end was £8.977m (2022: £3.714m)," a statement from Wrexham said. "The financial losses suffered by the club since the takeover shouldn't be repeated, with income generated by the club now sufficient to meet the operational costs of the club going forward." Read More Related Articles Ken Bruce marks Greatest Hits anniversary as he's joined by celeb mates in pub Read More Related Articles Gary Barlow shares anger over tragic death of daughter Poppy admitting he can't find peace "These losses were deemed necessary to allow the club to maximise its full potential in the shortest time practically possible. "The club is under no immediate pressure to repay these loans at the expense of the progress we seek to achieve and further financial support will be provided/secured to support the capital expenditure projects the club is currently planning, which includes increasing the capacity of The Racecourse Ground and the development of a training facility for all the club's teams. "The year-on-year income comparisons since the takeover, show the potential of the club. "These will significantly increase again for the year-ending June 30 2024, following promotion and the continued popularity of Welcome To Wrexham." In April of last year, the men's team of Wrexham club had a victory in the National League, meaning they would return to the English Football League (EFL) after a gap of 15 years. On top of that, the womens team secured their spot at the highest level of Welsh football. Read More Related Articles Stacey Solomon's update about sixth baby as Joe Swash makes statement Read More Related Articles Love Island All Stars Callum Jones and Jess Gale split as they exit Molly Smith's party separately The turnover of the club, as stated in its financial reports, jumped from £5.972 million to £10.478 million in the year ending June 30, 2023. However, the losses also grew from £2.913 million to £5.113 million. At present, Wrexham stands third in the League Two table and is aiming to climb up to League One at the end of the season. Under the ownership of McElhenney and Reynolds, two seasons of the FX show Welcome To Wrexham have been aired, drawing global attention to the football club. They are planning to release a third season next month. Last year, the Welsh Government, the Football Association of Wales, and S4C honoured these owners with the Dragon Award for promoting the country and its language. Get the latest celebrity gossip and telly news sent straight to your inbox. Sign up to our daily Showbiz newsletter here . Story Saved You can find this story in My Bookmarks. Or by navigating to the user icon in the top right. Follow Daily Record Facebook Twitter Comment More On English Football League English Premier League
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