Wrexham AFC's Hollywood Owners Eye £1bn Jackpot in Premier League Quest
In 2021, Hollywood stars Ryan Reynolds and Rob McElhenney stunned the football world by acquiring Wrexham AFC, a struggling Welsh club languishing in the fifth tier of English football, for just £2 million ($2.5 million). Their audacious dream of propelling the Red Dragons to the Premier League seemed fanciful at the time, but after three consecutive promotions, Wrexham now stand on the cusp of the Championship, just one step from the top flight. Industry experts and financial data suggest that if Wrexham achieve Premier League status, their owners could be looking at a staggering £1 billion return on their investment, driven by skyrocketing club valuation, global brand growth, and unprecedented revenue streams.
A Meteoric Rise Fueled by Vision and Investment
Wrexham’s journey from non-league obscurity to Championship contenders is unprecedented. The club secured promotion from the National League in 2022-23, League Two in 2023-24, and League One in 2024-25, becoming the first English Football League (EFL) club to achieve three straight promotions. This ascent, masterminded by manager Phil Parkinson and backed by Reynolds and McElhenney’s financial muscle, has transformed Wrexham into a global phenomenon.
The duo’s initial £2 million investment was followed by significant capital injections, including an additional £2 million post-takeover and loans totaling £9 million ($11.4 million) by June 2023. Despite reported losses—£5.1 million in 2022-23 and £2.7 million in 2023-24—the club’s revenue has soared, reaching £26.7 million in their League Two season, a figure surpassing many Championship clubs. This 155% year-on-year increase from £10.5 million underscores the commercial juggernaut Wrexham have become, with £13.18 million from sponsorships and advertising, £5 million from matchday revenue, and £4.45 million from retail, including Premier League-scale shirt sales.
The £1bn Valuation Dream
The potential £1 billion return hinges on Wrexham reaching the Premier League, where club valuations explode due to massive broadcasting deals, global exposure, and commercial opportunities. Industry insiders point to the financial chasm between the Championship and the Premier League. “Money talks in football,” says former Wrexham captain Barry Horne. “The league table tends to tie itself to income and there’s a correlation with the wage bill. Wrexham already have that ability to compete.”
In 2024, a Wrexham board member valued the club at £9 million ($11.8 million) ahead of their League One campaign. However, promotion to the Premier League could catapult this figure into the hundreds of millions, if not billions. For context, newly promoted Premier League clubs like Luton Town, which reached the top flight in 2023 after a nine-year climb from the National League, saw their valuation soar to over £200 million upon promotion. Established Premier League clubs, even mid-table ones, routinely command valuations between £500 million and £1 billion, with broadcast revenue alone exceeding £100 million per season.
Wrexham’s unique global brand, amplified by the Emmy-winning
Welcome to Wrexham docuseries, positions them to outstrip typical promoted clubs. “The club’s international following has grown exponentially, thanks to the
Welcome to Wrexham series and the novelty of celebrity ownership,” notes a report from Business Matters. With over half their revenue now from overseas markets, including high-profile sponsorships from United Airlines, Betty Buzz, and Aviation American Gin, Wrexham’s commercial appeal rivals that of top-flight clubs.
Quotes from the Industry
Reynolds and McElhenney’s ambition has been unwavering. “Four years ago, this man [McElhenney] said our goal is to make it to the Premier League,” Reynolds told Sky Sports after Wrexham’s League One promotion. “And there was understandably a lot of titters, laughter and giggles—but it’s starting to feel like a tangible thing that could actually come to fruition.”
Wrexham director Humphrey Ker credits the club’s rapid rise to strategic management and team spirit. “We always had the ambition to go as high as we could, but we have probably outstripped expectations—certainly in terms of the speed in which we have got here,” Ker said. “But that’s testament to [manager] Phil Parkinson.” Ker also emphasized fiscal responsibility: “People will talk about the money, but it’s never been about blank cheques. The aim has always been to live within our means so the club doesn’t suffer when Rob and Ryan move on.”
Posts on X reflect the financial buzz, with users like @JeremyMEvansESQ and @Needles56 highlighting the “mind-blowing” implications of Wrexham’s promotion, citing increased revenue streams and global investment potential.
Challenges and Risks
Reaching the Premier League is no guarantee. The Championship is a grueling step up, with clubs like Leicester City, Southampton, and West Bromwich Albion boasting larger budgets and Premier League experience. Stuart Webber, former sporting director at Norwich and Huddersfield, warned ESPN: “The step-up to the Championship is huge, and some of Wrexham’s players were with them in the National League.”
Financially, Wrexham’s £11 million wage bill in League Two, set to double in the Championship, underscores the rising costs. To mitigate losses, Reynolds and McElhenney sold a minority stake to the Allyn family in 2023 and are seeking further investors to fuel their Premier League push. Yet, their commitment to sustainability—evidenced by no immediate pressure to repay loans—suggests a long-term vision.
The Hollywood Ending
If Wrexham secure a fourth consecutive promotion by 2026, they could become the first club to rocket from the National League to the Premier League in just three years. The financial windfall would be astronomical, with a potential £1 billion valuation driven by global fanbase growth, media rights, and commercial deals. As Reynolds reflected after a dramatic 2022-23 promotion win, “I will never be the same again.” For Wrexham’s Hollywood owners, the Premier League dream is no longer a script—it’s a tantalizing reality with a billion-pound payoff in sight.