Wrexham reportedly looking for investor, US$475mil valuation

Wrexham reportedly looking for investor, US$475mil valuation

Hollywood owners seek to sell a stake as the club enters the Championship, with an eye on the Premier League.

Wrexham
Wrexham AFC has earned promotion through England’s football system for a record three straight years. (EPA Images pic)
LONDON:
Wrexham AFC, the Welsh football club co-owned by actors Ryan Reynolds and Rob McElhenney, is reportedly looking to sell a stake in the team that would set the franchise’s valuation at US$475 million.

According to a report by Bloomberg on Wednesday, the club is looking for an investor to join the Hollywood stars, who purchased Wrexham for US$2.5 million in late 2020.

Since then, the team has become the subject of a popular documentary series on FX – “Welcome to Wrexham” – and has earned promotion through England’s football system a record three straight years.

They will play next season in the English Football League Championship, one step below the Premier League, with the latter arguably the top football league in the world.

The projected value would represent nearly a 19,000% jump in the team’s worth in less than five years.

For comparison, Championship team Sheffield United fetched US$135.5 million in a takeover late last year, and Everton – an Premier League side – sold for an estimated US$500 million in December.

In fiscal year 2024, Wrexham reportedly pulled in US$35.6 million in revenue – more than double the previous year.

Last October, the Allyn family, former owners of a medical-device company, purchased close to 15% of Wrexham that set the valuation at the time at US$136 million.

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