Ryan Reynolds and Rob McElhenney have £36.5m of spending room at Wrexham, if the club reach the Championship, and are “not far behind big-hitters”.
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Posted record-breaking revenue figuresChasing down third successive promotionBigger losses are allowed in second-tierFollow GOAL on WhatsApp! 🟢📱GettyWHAT HAPPENED?
The Red Dragons have enjoyed a meteoric rise under Hollywood co-owners. Back-to-back promotions have lifted them out of the National League and into League One. The ultimate goal is to reach the Premier League Promised Land, with more investment being sought while heading down that path.
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Reynolds and McElhenney have already put their reported £309m ($400m) combined fortune to good use, with Wrexham able to outspend many of their EFL rivals. They have posted record-breaking revenue figures and will have even more leeway when it comes to splashing the case in the second tier.
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Football finance expert Kieran Maguire has told : “Wrexham made three times as much as any other club in League Two, more than any other club in League One and they would be in the top half of the Championship. Therefore they’re not that far behind the Championship’s big hitters – the likes of Stoke and Norwich. It’s an incredible achievement in terms of bringing in money.
“It's also their ability to become an international brand which has really driven this. I was teaching in Charlotte, North Carolina last year and the only shirts I saw were those of Wrexham, which is an amazing achievement and that's on the back of the documentary.”
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Maguire added: “If they get promoted this year that adds another £8m of TV money because they will be in the Championship. So that would put them fairly close to all of the clubs except for those who will be in receipt of parachute payments in the Championship.
“I think that they are in a very strong position from a PSR (Profit and Sustainability Rules) point of view. Last year they lost £2.5m, they can lose £39m over three years when they get to the Championship. They have the capacity to invest in players and invest in improving the infrastructure and I think they will be an exhilarating proposition to watch because everybody’s eyes will be on them.
“They will be up against some really big teams who have just been relegated from the Premier League, whereas they can point to two years ago being in the National League.”