Ryan Reynolds faced with £350million Wrexham sale decision as talks in early stages

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Ryan Reynolds faced with £350million Wrexham sale decision as talks in early stages
Ryan Reynolds and Rob McElhenney are believed to be seeking external investment in Wrexham after taking the Welsh club from the National League to the Championship
Ryan Reynolds and Rob McElhenney are reportedly seeking new investment in Wrexham
(Image: Leon Bennett/The Hollywood Reporter via Getty Images )
Wrexham's Hollywood owners are reportedly seeking fresh investment in a move which could see the club's value soar to as much as £350million. Ryan Reynolds and Rob McElhenney bought the Welsh side for a nominal amount in February 2021, subject to an immediate cash injection of £2m.
The Red Dragons have since risen from the National League to the Championship after being promoted for three seasons in a row. The club's profile has grown significantly in the last four years thanks to the success of the Welcome to Wrexham documentary, which follows the actors' ownership.
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Reynolds and McElhenney took steps to shore up the club's financial position back in October when they welcomed the Allyn family from New York as new investors. According to Bloomberg, their acquisition of a minority stake placed Wrexham's value at approximately £100m.
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The same outlet now reports that the club is working with bank advisers to find further potential investors and to discover if there is a demand. The move has been discussed internally as the owners look to secure enough money to enable Wrexham to compete in the second tier.
The new suggested valuation of around £350m would make Wrexham the highest priced team in the Championship. For context, Sheffield United were recently bought by an American consortium for roughly £111m.
Wrexham have posted strong financial results under Reynolds and McElhenney's ownership. The latest available accounts show the club recorded a record annual turnover of more than £26m while still playing in League Two.
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Wrexham's popularity has soared under the ownership of Reynolds and McElhenney
(Image: 2023 AMA Sports Photo Agency )
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That figure is understood to be set to rise to anywhere between £30m and £40m for the most recent season in League One. Talks over new investment are said to be in the early stages, with Wrexham expecting a boost in revenue from broadcast payments and sponsorship deals at Championship level.
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Deadpool star Reynolds openly discussed the idea of selling a further stake in the club during a recent appearance on the Fearless in Devotion fan podcast. However, he stressed that it would not diminish the passion that he and McElhenney feel for Wrexham.
"There are still people who think we are fading away or we're going to get bored," he said. "I don't know how you get bored with something like this.
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Wrexham AFC is the arguably the fastest-growing club in the world at the moment thanks to a certain Ryan Reynolds and Rob McElhenney.
The Dragons have achieved two consecutive promotions and are cheered on by crowds from not only North Wales but also from all over the globe, thanks to the success of the Disney+ documentary 'Welcome to Wrexham'.
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"I have said this before, I love this sport so much now that I f***ing hate it. I really feel that in my cells."
He later added: "Even if our stake in the club shrinks because we have to go all the way up to the Premiership (Premier League), that's what's called an uptown problem.
"It doesn't change a thing in terms of the emotional investment. The financial investment stuff I've never cared as much about – emotional investment is my job, that's Rob's job, and that's what we love the most."