Ryan Reynolds’ Wrexham Loses Nearly $3,500,000, Two Years After the $2.5 Million Takeover as They Chase Promotion

The fortunes of Wrexham have really changed in the past few months. The club used to struggle a lot, but now they are having one of their best seasons so far. Ever since Ryan Reynolds and Rob McElhenney took over the club, they have entirely changed the shape of the team.

The Welsh side is eyeing an automatic promotion and is close to achieving its long-awaited dream. Their fame and popularity have grown significantly and are expected to increase even more. The same can be said about their financial status, however, things have turned out rather differently for them.

Wrexham reports significant losses

Wrexham recently released its annual financial reports that give an overall summary of the club’s financial records. The report was for over 12 months, until June 30, 2022. Hence, given the club’s recent surge in fame and glory, they were expected to do better on paper.

The financial report suggested that the new owners have endured losses of over $3.5 million. This is quite eyebrow-raising, as despite the turnover being up five times in the previous year, they have endured such a loss. However, in terms of turnover, they have done a decent job.

The club witnessed a massive rise in the overall turnover as the figure came to around $7.4 million. They had a 404% increase in their turnover, which was around $2.5 million in the previous year. The turnover came with the help of matchday, retail, sponsorships, and advertising.

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The matchday income accounted for $3.2 million, while the retail income was $2.5 million. Furthermore, revenue from sponsorship and advertising brought in around $2.1 million. Nevertheless, even after enduring such a loss, the pair have insisted they’ll continue funding the club.

Close to achieving glory

It has been almost two years since Reynolds and McElhenney bought the club for $2.5 million. The losses may hit the owners. Nevertheless, they’ll be looking to get those reports back on track.

And it seems their preparations for the title continue, as they are keen to clinch their hands on the trophy. The club is currently sharing equal points with their fierce rivals, Notts County. Both are tied with 97 points and will be looking to disrupt each other’s title charge.

However, the Red Dragons have the upper hand as they have more games to play than Notts County. Nevertheless, the result can go either way. For now, Wrexham is preparing for the clash against Oldham Athletic. They’ll be looking to extend their lead in the league.

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