Wrexham's Finances Explained as Club Eyes Premier League
The Welsh club, who have already made history with three successive promotions, took a major step towards potentially their biggest jump yet when they moved into the Championship play-off places. The recent investment has boosted finances by almost £50m.
It is revealed that Wrexham's new owners, Ryan Reynolds and Rob Mac, completed their takeover in February 2021 with a £2m investment. Reports prior to the ASC deal suggested the club was being valued at £350m. For comparison, reports suggested the December 2024 takeover at Sheffield United valued them at around £100m.
Wrexham's value hinges on the profile and potential for more growth. The Welcome to Wrexham documentary, screened around the world, brings in no revenue but acts as a huge marketing tool. It has allowed the side's popularity to skyrocket among football fans in North America, with every Wrexham game screened live in the USA last season.
The club's ability to generate money from commercial or sponsorship relationships is part of their success story. Eric Allyn and Michael Williamson wearing dark suit jackets, open-necked white shirts and lanyards Getty Images
New investment has given the club access to greater funds, but it does not mean a transfer spree is ahead. Wrexham would potentially be in breach of profit and sustainability rules (PSR) if £48m was suddenly spent simply on squad strengthening.
Instead, it is being seen as a way of also bringing the club up to speed with outlay on infrastructure, academy, and women's set-up not counted in PSR. There is also ongoing work to the new Kop Stand as well as future plans for the club's stadium, with aims to expand and increase hospitality options.
But clearly, it does also mean there could be an extra signing or two in future windows. If Wrexham are promoted to the Premier League, then they will come under the umbrella of the new squad cost ratio, which effectively would allow Wrexham to only be allowed to spend 85% of their revenue on players.
The owners remain open to further investment, given their celebrity status does not bring with it the wealth of owners at some Premier League clubs. Reynolds and Mac maintain a significant majority stake, which Maguire says is key given the brand is still dependent on the involvement of the pair.
The recent investments in Wrexham from fairly senior, very forensic-orientated investment houses suggests that there would have been some form of golden handcuffs for Reynolds and McElhenney to ensure they will be there for X years.
The Welsh club, who have already made history with three successive promotions, took a major step towards potentially their biggest jump yet when they moved into the Championship play-off places. The recent investment has boosted finances by almost £50m.
It is revealed that Wrexham's new owners, Ryan Reynolds and Rob Mac, completed their takeover in February 2021 with a £2m investment. Reports prior to the ASC deal suggested the club was being valued at £350m. For comparison, reports suggested the December 2024 takeover at Sheffield United valued them at around £100m.
Wrexham's value hinges on the profile and potential for more growth. The Welcome to Wrexham documentary, screened around the world, brings in no revenue but acts as a huge marketing tool. It has allowed the side's popularity to skyrocket among football fans in North America, with every Wrexham game screened live in the USA last season.
The club's ability to generate money from commercial or sponsorship relationships is part of their success story. Eric Allyn and Michael Williamson wearing dark suit jackets, open-necked white shirts and lanyards Getty Images
New investment has given the club access to greater funds, but it does not mean a transfer spree is ahead. Wrexham would potentially be in breach of profit and sustainability rules (PSR) if £48m was suddenly spent simply on squad strengthening.
Instead, it is being seen as a way of also bringing the club up to speed with outlay on infrastructure, academy, and women's set-up not counted in PSR. There is also ongoing work to the new Kop Stand as well as future plans for the club's stadium, with aims to expand and increase hospitality options.
But clearly, it does also mean there could be an extra signing or two in future windows. If Wrexham are promoted to the Premier League, then they will come under the umbrella of the new squad cost ratio, which effectively would allow Wrexham to only be allowed to spend 85% of their revenue on players.
The owners remain open to further investment, given their celebrity status does not bring with it the wealth of owners at some Premier League clubs. Reynolds and Mac maintain a significant majority stake, which Maguire says is key given the brand is still dependent on the involvement of the pair.
The recent investments in Wrexham from fairly senior, very forensic-orientated investment houses suggests that there would have been some form of golden handcuffs for Reynolds and McElhenney to ensure they will be there for X years.