“You Don’t Want to Lose Money” – Despite Losing Nearly $3.7 Million, Ryan Reynolds Says He’s Not There to Make Money Out of Wrexham

The level of commitment needed to run a soccer club defies logic. Although it looks straightforward, the minute details that go into recruitment, stadium expansion, and merchandizing are astonishing. And think about what Ryan Reynolds and Rob McElhenney got into after taking Wrexham to EFL League Two. While owners focus on the business side of things, the two Hollywood owners are refreshingly different. For Ryan and Rob, it is the emotional logic that counts the most. Thus, in an exclusive interview, they explained the initial process of making Wrexham great. 

The interview showcased their thoughts after their sensational league title win and helping Wrexham to promotion after 15 years. Thus, the owners explained their thought process for running the soccer club from an emotional standpoint. Notably, they hope to turn their losses around after having a $3.7 million loss. 

Ryan and Rob have different goals apart from financial needs from Wrexham

Profits matter for every business, but Ryan explained the thought process of running Wrexham. In the interview, he explained, “Ultimately, like any business, you want it to be able to self-perpetuate and continue growing. You don’t want to lose money, but I don’t think either of us are in this to make money either.” The duo was clear in their ambitions for the club and aimed to take them to greater heights. 

Ryan continued, “It’s just about growing the best possible club and finding value in any place that we can find value, whether that is financial or emotional. Sometimes it can be indistinguishable.” Considering the club’s massive brand value, the team attracted diverse players like Ben Foster to help them get promoted. The squad has an average weekly wage of $1247 and is distributing their wealth well. Compared to other soccer clubs in the league, Wrexham has money.

READ MORE- Despite Major ‘Financial Fair Play’ Hurdle After Historic Promotion, Ryan Reynolds’ Wrexham Predicted to Be ‘Very Competitive’ in EFL League Two if They Go the Distance

But having losses would be a problem for the club in the future. Suddenly, the club runs out of money, and the owners would invest heavily from their own pockets to steady the ship. 

Losses can hurt soccer clubs or any sports franchises 

They highlighted the club’s finances in the annual financial report. According to the Mirror, the club recorded losses of $3.7 million in the report but had a turnover of $7.4 million. Likewise, the Hollywood Boys spent around $12.4 million to restructure the club’s finances and keep them running in the league. 

Despite having a long-term investment model, the owners are not in it for money. They want success. They aimed to bring excitement to a town that wanted their soccer club to perform. Therefore, the Wrexham story is just getting started, and fans cannot wait for the next season to arrive. Do you think Wrexham is a well-run business model?

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