Owning a soccer club is hitting Canadian actor Ryan Reynolds in the wallet. Wrexham, the Welsh team bought by Reynolds and fellow Hollywood actor Rob...
While the club said turnover rose from nearly 6 million pounds to 10.5 million pounds and that future prospects are positive, its losses increased to 5.1 million pounds from 2.9 million pounds .Reynolds and McElhenney purchased Wrexham, one of the world’s oldest soccer teams, for $2.5 million while the club was in the fifth tier of the English game.
Wrexham is third in League Two heading into a home game against leader Mansfield on Friday. The top three teams at the end of the season are automatically promoted and the next four enter a playoff for one last promotion spot. Wrexham is three points above fourth-place MK Dons with a game in hand. “The club is under no immediate pressure to repay these loans at the expense of the progress we seek to achieve," Wrexham said, “and further financial support will be provided/secured to support the capital expenditure projects the club is currently planning.”
Wrexham pointed to the “continued popularity of ‘Welcome to Wrexham’” — the fly-on-the-wall documentary charting the progress of Reynolds and McElhenney as soccer owners — and more money earned in the EFL as reasons to predict that turnover will carry on growing.NOT REAL NEWS: A look at what didn't happen this week
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