Wrexham Owners Ryan Reynolds and Rob McElhenney have announced the amount they have lost since taking over the Welsh club.
The Hollywood stars bought Wrexham for an estimated £2million two years ago, with Reynolds stating he was going to “throw up” at the amount they’ve lost since the takeover.
The pair found out that they have lost $12million (£10m) since taking control of the club. Despite the losses, the club has seen a huge popularity growth across the globe, helped by their ‘Welcome to Wrexham’ documentary on Disney plus.
This has lead to increased ticket and shirt sales, and a growth in social media following, but the owners revealed in the documentary that they are still losing money.
Wrexham advisor Shaun Harvey said: “The value that’s coming from the global appeal we’ve been able to create is going to offset those additional costs that we’ve created. The biggest thing that will change on promotion [is that] people can see the value of Welcome to Wrexham. They can see the value of the profile that’s being built. That’s when the additional sponsorship revenue can be generated.”
It has been a successful two year spell for the new owners, as they oversaw the Red Dragons promotion from the National League last season, ending their 15 year absence from the Football League.
The good form has continued in to this season, as they currently sit third in the league, and are one of the favourites for promotion again. Their latest result saw them win 2-0 away to Notts County, the team they beat to the National League title last season, in their thrilling title race.
They have a break from league action this weekend, as they take on fellow League Two side Mansfield Town, in the first round of the FA Cup.
Writer’s View
There is no doubt that the arrival of Ryan Reynolds and Rob McElhenney has been great for Wrexham. They have had a meteoric rise already, that shows no signs of slowing down.
The club was almost lost all together in 2011, and if it wasn’t for the fans fighting to keep their club alive, they wouldn’t be enjoying their success today. It is a fan base who have deserved success, and there is sure plenty to come in the next few years for them.
