After $12 Million Investment, Ryan Reynolds Could Own Wrexham’s Stadium for 92 Years With Date for Votings Set

Wrexham owner Ryan Reynolds has to be on cloud nine. The Hollywood star has been surrounded with positive news this week. Just days after FX renewed Reynolds-starring ‘Welcome to Wrexham’ for the third season, the team has received another great news. According to reports, the club will earn the legal binding for the Racecourse Ground.

The Welsh side has been on top of their game this season, moving up to the second place in the League Two points table. The team will surely be excited with the prospect of promotion at the end of the season. If Wrexham can keep their place in the top three positions on the points table, the Welsh side will move up to League One (third tier) at the end of the season.

Wrexham set to receive the legally binding covenant for Racecourse Stadium

Ryan Reynolds, alongside Rob McElhenney, took a major risk as the duo became the majority stakeholders in Welsh side Wrexham in 2020. Since their takeover, the duo has put in over $12 million for the development of the club. Their efforts have paid off as the team has climbed out of the National League and is currently a part of the EFL umbrella.

With the team producing significant results as of late, it seems like Reynolds and the club will be rewarded for their efforts. According to reports, Wrexham will surrender its lease for the Racecourse Ground. In return, the team will receive the legally binding covenant for their home ground for the next ninety-two years.

The SGM will hold a vote on the matter on 4th December 2023. The meeting will be broadcast to all Wrexham Supporters Trust members via Zoom. Ryan and the club need the approval of not less than 75% of the votes cast to obtain the covenant.

READ MORE: Ryan Reynolds’ Welcome to Wrexham Renewed For 3rd Season

Moreover, the Red Dragons have been on an exceptional run this season. The team has won nine out of their 17 league games this season while drawing six games. With the positive results, the team is currently placed second in the standings with 33 points.

Red Dragons eyeing consecutive promotions

Wrexham, following a slow start to their campaign, has picked up the pace. Phil Parkinson’s men, after 17 league games, currently occupy the second place on the standings with 33 points to their name. If the team can continue this and run and hold on to the top three places, they are guaranteed a promotion to League One.

Midfield star Elliot Lee has been absolutely outstanding for the team this season. The player has already found the back of the net 10 times and is just three goals behind Matt Smith, who’s leading the race for the Golden Boot.

The side will be up in action tomorrow as they face Accrington Stanley in League Two. Wrexham will hope to secure a win that will keep them in close sight of table-toppers Stockport. What do you think of Wrexham’s performance this season? Let us know in the comments below.

WATCH THIS STORY: Wrexham Owners Net Worth Comparison