Welcome to Wrexham, that'll be US$475 million please. Hollywood pair looking to cash in
Wrexham AFC, the Welsh football club co-owned by actors Ryan Reynolds and Rob McElhenney, are reportedly looking to sell a stake in the team that would set the franchise's valuation at US$475 million.
Sources said the club was looking for an investor to join the Hollywood stars, who bought Wrexham for US$2.5 million in late 2020.
Since then, the team have become the subject of a popular documentary series on FX – Welcome to Wrexham – and have earned promotion through England's system for a record three straight years.
Internal talks were focused on how to raise capital to help Wrexham compete in the Championship next season, one step below the Premier League, with the latter arguably the top football league in the world.
The projected value would represent a nearly 19,000 per cent jump in the team's worth in less than five years.
Rob McElhenney (left) and Ryan Reynolds bought Wrexham in late 2020. Photo: AP
For comparison, Championship team Sheffield United fetched US$135.5 million in a takeover late last year, and Everton – a Premier League side – sold for an estimated US$500 million in December.
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