Fast-rising Wrexham’s record turnover helps repay all loans to owners Reynolds and McElhenney

By: The Associated Press Posted: 12:08 PM CDT Monday, Mar. 31, 2025

WREXHAM, Wales (AP) — Fortunes are rising on and off the field for soccer club Wrexham and its Hollywood celebrity owners Ryan Reynolds and Rob McElhenney.

Read this article for free:

or

Already have an account? Log in here »

To continue reading, please subscribe:

*First annual payment billed as $205.00 + GST for one year. This annual subscription will automatically renew at $233.00 + GST every 52 weeks (10% off the regular annual price of $259.35). Offer available to new and qualified returning subscribers only. Cancel any time.

WREXHAM, Wales (AP) — Fortunes are rising on and off the field for soccer club Wrexham and its Hollywood celebrity owners Ryan Reynolds and Rob McElhenney.

Read unlimited articles for free today:

or

Already have an account? Log in here »

Hey there, time traveller!
This article was published 31/03/2025 (547 days ago), so information in it may no longer be current.

WREXHAM, Wales (AP) — Fortunes are rising on and off the field for soccer club Wrexham and its Hollywood celebrity owners Ryan Reynolds and Rob McElhenney.

Record turnover reported on Monday of 26.7 million pounds ($34.5 million) last season was a 155% raise and helped the fast-improving club to repay all of its loans and interest totaling 15 million pounds ($19.36 million) to The R.R McReynolds Company.

Wrexham “is now free of all loans towards its shareholders,” the club from north Wales said in a statement.

FILE - Wrexham co-owner Ryan Reynolds, center, celebrates with members of the Wrexham FC soccer team the promotion to the Football League in Wrexham, Wales, on May 2, 2023. (AP Photo/Jon Super, File)

Reynolds and McElhenney paid $2.5 million in 2020 to buy Wrexham, one of the world’s oldest soccer teams then in the fifth tier of the English leagues.

On the field, the team was on track for a third consecutive promotion as it sat second in the third tier.

The costs of promotion last season, including staff bonuses, contributed to an annual loss of more than 2.7 million pounds ($3.5 million). The previous year’s loss was 5.1 million pounds ($6.6 million).

A new documentary series of the Emmy-winning “Welcome to Wrexham,” taking viewers behind the scenes, is scheduled to debut in May when the club hopes to seal its place in the second-tier Championship.

“While the documentary does not contribute any direct financial return for the club, it delivers incredible global exposure for the Wrexham brand,” it said.

More than half of Wrexham’s turnover was “generated from the rest of the world primarily North America,” with a slate of sponsors including Meta Quest, United Airlines and HP.

Commercial revenue soared sevenfold to almost 13.2 million pounds ($17 million) and match day income including game tickets was up about 60% to more than 5 million pounds ($6.45 million).

___

AP soccer: https://apnews.com/hub/soccer