Tuesday, May 9, 2023

Ryan Reynolds and Rob McIlhenney's financial influence at Wrexham laid bare

Ryan Reynolds and Rob McIlhenney's ownership of Wrexham football club has helped to generate close to £6 million in the period between June 2021 and June 2022. However, despite the impressive revenue, Wrexham still ended up with a loss of nearly £3 million due to rising football costs of £3.94 million. Reynolds and McIlhenney's takeover in February 2021 has resulted in the growth of a unique global brand for the club. The Wrexham football club, which will face Manchester United in a pre-season friendly this summer in San Diego, has been able to benefit from the injection of cash both on and off the pitch. The huge upturn in revenue has provided a bright future for Wrexham, with matchday income accounting for an incredible £2.65 million. Retail income totaled £1.303 million, while sponsorship and advertising brought in £1.053 million to the famous Racecourse Ground. Wrexham, which was currently sitting second in the National League at the time this article was written, ended up finishing 1st in the standings and will receive automatic promotion to the EFL next season. The loss for the period was £2.914 million, but the R.R. McReynolds Company LLC introduced £3.67 million of loan funding and subscribed for equity in the sum of £1.2 million. The Directors have confirmed that they will continue to fund the Club going forward.

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