Share this @internewscast.com

Owning a soccer club is hitting Ryan Reynolds in the wallet.

Wrexham, the Welsh team bought by Reynolds and fellow Hollywood actor Rob McElhenney in 2021, released its accounts for the latest financial year on Thursday and reported that the amount owed to celebrities has risen to nearly 9 million pounds ($11.4 million).

That was up from 3.7 million pounds ($4.67 million) from the previous year, ending June 2022.

While the club said turnover rose from nearly 6 million pounds ($7.5 million) to 10.5 million pounds ($13.3 million) and that future prospects are positive, its losses increased to 5.1 million pounds ($6.4 million) from 2.9 million pounds ($3.66 million).

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.

It has since been promoted to the English Football League and is bidding for back-to-back promotions, which would take the team to third-tier League One.

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.

Wrexham said the club’s losses were “deemed necessary to allow the club to maximize its full potential in the shortest time practically possible.”

“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.”

Those projects include increasing the capacity of its Racecourse Ground stadium. Wrexham is regularly getting crowds of more than 10,000 spectators, more than three times the number attending before the takeover and a remarkable figure for a fourth-tier team.

“The financial losses suffered by the club since the takeover shouldn’t be repeated,” Wrexham said, “with income generated by the club now sufficient to meet the operational costs of the club going forward.”

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.

Share this @internewscast.com
You May Also Like
EMBARGOED TO 0001 SUNDAY JULY 6 File photo dated 10/06/25 of Prime Minister Sir Keir Starmer during a reception for London Tech Week, at no 10 Downing Street, London. Sir Keir Starmer has been urged not to "punish" children by keeping the two-child cap following Labour's U-turn on benefit cuts. The SNP urged the Prime Minister to end the limit amid reports it could stay as a result of Labour scrapping most of its welfare reforms. Issue date: Sunday July 6, 2025. PA Photo. Photo credit should read: Jordan Pettitt/PA Wire

Keir Affirms His Commitment to ‘Island of Strangers’ Message, Emphasizing the Need for UK to Be an Integrated Society

SIR Keir Starmer has affirmed his ongoing commitment to the message behind…
Zohran Mamdani’s campaign persona called into question by vote to give himself raise: critics

Critics Question Zohran Mamdani’s Authenticity After He Votes for His Own Pay Raise

Democratic mayoral candidate Zohran Mamdani approved a significant increase in his state…
Naperville news today: Centennial Beach closed amid death investigation at 500 West Jackson Avenue, park district says

Naperville Update: Centennial Beach Closure During Investigation of Incident at 500 West Jackson Avenue, Reports Park District

NAPERVILLE, Ill. (WLS) — A west suburban beach is closed to the…
Air India crash preliminary investigation report released

Preliminary Investigation Report on Air India Crash Published

The June 12 crash claimed the lives of at least 260 individuals…
Prosecution's 'inconsistencies' in prep school murder trial led to suspect's acquittal: jury foreman

Jury Foreman: ‘Inconsistencies’ in Prosecution’s Case Resulted in Acquittal in Prep School Murder Trial

The jury’s foreman in Raul Valle’s murder trial, who was found not…
Close-up of Maria Shalaeva.

Putin Official Accused of Using $100M Military Jets to Fly Young Mistress Amid Kremlin Scandal

A SEX scandal has shaken the Kremlin as a high-ranking Putin official…
Debris from a plane crash near a building.

Revealed: Air India Pilot’s Alarming Question Seconds Before Fatal Crash – Investigation Highlights 2018 Switch Problem

ONE of the pilots operating the doomed Air India flight asked why…
Boeing settles with a man whose family died in a 737 Max crash in Ethiopia

Boeing Reaches Settlement with Man After 737 Max Crash Claims His Family in Ethiopia

Boeing reached an agreement on Friday with a Canadian man whose wife…
Airport security subdues a disruptive passenger.

Dramatic Scene: Woman Throws Temper Tantrum at Airport, Screams at Police Before Being Arrested

THIS is the shocking moment a furious passenger had a full-blown foot-stomping…
Woman giving a speech at a podium.

Emotional Scene as Teenage Girl Delivers Tearful Eulogy for Murdered Mother and Stepfather, Leading to Her Being a Prime Suspect

This is the poignant moment when a teenager delivered an emotional funeral…
'Freakier Friday': Behind-the-scenes look at Lindsay Lohan and Jamie Lee Curtis on set of the new Disney sequel

‘Freaky Friday’ Sequel: Exclusive Behind-the-Scenes with Lindsay Lohan and Jamie Lee Curtis on the Disney Set

Take an exclusive behind-the-scenes tour of “Freakier Friday,” the sequel to the…

Eyewitness to Idaho Tragedy: Missteps, Misunderstandings, and the Unveiling of the Real Culprit

EDGING open the door to the student digs, Hunter Johnson felt something…