sport news Revealed: Scale of Ryan Reynolds and Rob McElhenney's funding into Wrexham laid ... trends now
Wrexham paid out £6.9million in wages during their promotional season from the National League as the level of funding from the club’s Hollywood owners Ryan Reynolds and Rob McElhenney was revealed in their latest accounts.
The Welsh side were promoted as champions from the National League last season with a record 111 points, after edging Notts County in a head-to-head battle for the one automatic spot.
Reynolds and McElhenney admitted last year they would have been ‘f*****’ if the club had failed to have achieved promotion to League Two.
McElhenney said on the series Welcome To Wrexham: 'From a financial perspective, if we do not get promoted this year, we are f*****', to which Reynolds replied, 'Yep, f***'.'
'We're heavily invested in building this club, the stadium itself, and if we don't get promoted this year, the club is completely, totally and wholly unsustainable.
Wrexham's Hollywood owners Rob McElhenney and Ryan Reynolds paid out £6.9m in wages during the club's promotion season
Wrexham's latest accounts reveal the level of funding in their promotion season to the EFL
'So its really ratcheted up the pressure, not just for us but for the players on the field, the people in the community. This year we have to get promoted.'
The co-owners desperation to secure promotion has been outlined in the club’s financial accounts for the year ending on June 30, 2023.
Wrexham made an overall loss of £5.1million during the National League season, representing a record in the division.
The figure surpassed the previous record loss of Stockport County of £4.8m in their promotion season in 2022, as well as representing a significant increase on the £2.9m loss Wrexham had made the same campaign.
A major increase in the club’s wage bill was a contributing factor with Wrexham paying out £6.9m for the financial year, representing £132,600-a-week.
The wage bill increased by nearly £2.9million from the previous season, where the club finished as runners-up to Stockport County and were beaten in the play-offs.
Turnover and revenue has increased dramatically since Always Sunny In Philadelphia creator McElhenney and Deadpool actor Reynolds bought the club for £2million in February 2021.
Turnover increased from £5.972million to
