Wrexham AFC
R.R. McReynolds Company LLC (Rob McElhenney & Ryan Reynolds) acquisition · 16 Nov 2020
- Seller
- Wrexham Supporters' Trust
- Stake acquired
- 100%
- Control
- Yes
- Reported consideration
- Undisclosed
- Implied equity value
- —
- League
- National League
- Country
- Wales
- Confidence
- MEDIUM
Buyer profile: Apollo Sports Capital: clubs owned, where they buy next
R.R. McReynolds Company LLC (Rob McElhenney & Ryan Reynolds) acquired 100% of Wrexham AFC from Wrexham Supporters' Trust, announced 16 Nov 2020, closing 9 Feb 2021.
The purchase consideration was not disclosed. €2.3m was announced as an investment commitment.
Nearest pre-acquisition revenue was €2m (FY 2019/20 (year ended 30 June 2020)).
- Announced
- 16 Nov 2020
- Closed
- 9 Feb 2021
- Stake after transaction
- 100%
- Status
- completed
Reported consideration
What the buyer reportedly paid for the stake
Implied 100% equity value
Calculated: consideration ÷ stake acquired
Reported club valuation
Enterprise value
Only shown when debt/cash near the transaction date is established
Debt assumed / restructured
Primary capital injection
Total announced investment commitment
Commitments are not purchase price and not valuation
Nearest pre-acquisition financial year: 2019/20 (year ended 30 June 2020)
Revenue
Wages
EBITDA
Net debt
Net income
This deal is the textbook case of consideration vs. committed capital being conflated in casual reporting. Wrexham AFC was owned by the not-for-profit Wrexham Supporters' Trust, which transferred 100% ownership to R.R. McReynolds Company LLC (McElhenney/Reynolds) for no disclosed cash purchase price — media consistently frame the transaction as effectively a nominal-consideration takeover conditioned on the buyers' binding commitment to inject £2,000,000 into club operations, approved by WST members at a 98% approval vote on 16 November 2020. Completion followed on 9 February 2021.
2021-02-09 — “Confirms buyer R.R. McReynolds LLC, seller Wrexham AFC Supporters Trust, completion Feb 9 2021, 100% control, and £2m injected into the club as part of deal terms; no purchase price disclosed.”
2021-02-09 — “Buyer entity RR McReynolds LLC took 100% ownership from Wrexham Supporters Trust on Feb 9 2021; £2m investment made under deal terms; purchase price not disclosed.”
- Wrexham Supporters' Trust member vote coverage (search-aggregated: BBC/Sky reporting on Nov 16 2020 vote) ↗Tier 3 · media
2021-02-09 — “Recaps that over 2,000 WST members voted ~98% in favour of the sale on 16 November 2020, treated here as the announcement/agreement date ahead of the Feb 2021 completion.”
- Insider Media / BBC Wales reporting on Wrexham AFC FY2022 accounts (financial trajectory) ↗Tier 3 · media
2025-03-31 — “Club's own account of post-takeover turnover growth; used only to confirm no clean pre-acquisition FY2019/20 revenue figure is disclosed in club materials.”
- Celebrity Net Worth — "How Ryan Reynolds And Rob McElhenney Turned A 'Free' Welsh Soccer Club Into A $500 Million Empire" ↗Tier 5 · media
2025-08-01 — “Reports acquisition was effectively for a nominal fee with the binding £2m operational investment commitment; included only as corroborating secondary colour, not verified by direct fetch in this pass.”
- The Leader (Wrexham) — Wrexham AFC post £740k loss for 2019/20 season as Covid hits club finances (quoting the club's statement on its approved FY2020 financial statements) ↗Tier 3 · local media
2021-05-27 — “Club statement: "The Board of Wrexham AFC Limited have approved the Annual Report and Financial Statements for the year ending June 30, 2020. The trading for the year was entirely under the ownership of the Wrexham Football Supporters' Society Limited ('WST') ... Turnover was reduced to £1.757m from £4.114m in the year ending June 30, 2019. This can in the main be attributed to a reduction of £1.603m in transfer fee income and the WHO declaration of the Covid-19 pandemic ... The club received £319,796 from the job retention scheme grant and other Government support. The loss for the year was £740,327."”