Reynolds and McElhenney 'ready to sell their stake' as Wrexham's value soars

Daily Mirror

a day ago

Wrexham are gearing up for a season in the Championship and co-owners Ryan Reynolds and Rob McElhenney are looking to bring extra investment into the Welsh club
Ryan Reynolds and Rob McElhenney are said to be willing to sell a stake in Wrexham following their promotion to the Championship. Wrexham have enjoyed a remarkable rise since they were bought by Reynolds and McElhenney back in 2021 for around £2million.
The club has been promoted three times in four full seasons under the two Hollywood stars, rising from the National League to the Championship; now they are looking to raise additional funds in a bid to help Wrexham go one step further and reach the Premier League.
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According to a report from Bloomberg, Reynolds and McElhenney are considering selling a stake in the club for a valuation of up to £350m. Earlier this year, the Allyn family became minority investors, with Wrexham valued at around £100m.
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However, the club's profile has risen further following their recent promotion and the report states that Wrexham are now working investment bank advisers to gauge potential interest.
A £350m valuation would make Wrexham the most expensive team in Championship, with Sheffield United recently bought for around £111m by an American consortium.
Speaking after Wrexham secured promotion from League One, Reynolds reiterated their ambition as he told Sky Sports: "Four years ago, this man [McElhenney] said our goal is to make it to the Premier League. And there was understandably a lot of titters, laughter and giggles - but it's starting to feel like a tangible thing that could actually come to fruition."
Wrexham boss Phil Parkinson, meanwhile, is confident the club are ready to make the "huge" step up from League One to the Championship. "I think everybody knows the jump is huge," Parkinson said.
"But I'm confident we will be well prepared for that. I think that a lot of tough decisions will be made this summer, in terms of who we bring in and how we add to this fantastic squad of lads we've got, but let's see if we can build a squad to compete at that level.
"I think it's interesting because the jump in salaries is incredible, mind-blowing. Even coming up to this level [League One], the jump to get players of Championship quality is expensive but obviously with the next level, I don't think people outside football quite realise.
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"They think players in League One must be multi-millionaires, but the drop-off from what people read about Premier League players when they come down is huge.
"That is a challenge, but what we've always tried to do is make sure the culture in the club is right and I think that's key - no superstars, no egos in the dressing room and we've got to try and get that balance right again.
"You always need extra quality when you go up a level to make sure the right people come into the building."
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