Wrexham now owe over $17 million AUD to Hollywood owners Rob McElhenney and Ryan Reynolds after losing £5 million in the year of their promotion to the English Football League, the Welsh club announced on Friday morning .
Turnover, however, doubled to almost £10.5m and Wrexham said financial losses suffered since McElhenney and Reynolds’ takeover in February 2021 were unlikely to be repeated due to the income now generated by the League Two club. “The financial losses suffered by the club since the takeover shouldn’t be repeated, with income generated by the club now sufficient to meet the operational costs of the club going forward.“These losses were deemed necessary to allow the club to maximise its full potential in the shortest time practically possible.”
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