Wrexham Poised for Premier League after Record-Breaking Bid
Wrexham AFC is making headlines with its bid for promotion to the Premier League. The club has achieved remarkable successes this season, placing ninth in the Championship. This rise follows four consecutive league victories, although recent matches have ended without wins.
Ownership and Financial Backing
Wrexham is predominantly owned by Hollywood actors Ryan Reynolds and Rob McElhenney, who bought the club in February 2021 for £2 million. Their leadership has led to three consecutive promotions from the National League to the Championship.
In a recent development, Apollo Sports Capital has acquired a minority stake in Wrexham. This investment firm manages over £675 billion in assets and previously acquired majority ownership of Atlético Madrid.
Recent Developments
- Wrexham is now valued at approximately £350 million, attracting further investment interest.
- A bid of £19 million has been submitted for 19-year-old striker Sidiki Cherif from Angers.
- This potential transfer would set a new record for the Championship.
Current records are held by Ipswich Town, who purchased Sindre Walle Egeli for £17.5 million last summer.
Investors and Future Prospects
In addition to Reynolds and McElhenney, Wrexham’s ownership also includes the Allyn family, whose net worth exceeds £1.5 billion. This financial strength gives the club resources on par with some teams in the Premier League.
Their latest financial report shows a revenue of £26.7 million for the 2023-24 season. As part of their expansion plans, Wrexham is increasing the Racecourse Ground’s capacity to over 18,000, aiming to further boost income.
Upcoming Challenges
Manager Phil Parkinson is gearing up for a crucial match against QPR on January 24. Wrexham aims to narrow the two-point gap to sixth-place Preston North End in their quest for Premier League promotion.
With the combination of financial power, strategic investments, and a dedicated ownership group, Wrexham AFC is poised to make significant strides towards the top tier of English football.
