DaddyLiveHD - Watch Live Sports Streaming Free, Daily Schedule Online TV Channels, Boxing & MMA, UFC, MBA, MLB, NHL, NFL, Soccer, 24/7 updated live stream, Enjoy Football

How much Ryan Reynolds spent on Wrexham promotion? Wages, transfers outlay at Welsh side

0

Wrexham’s double promotion has caused a huge spike in interest surrounding the money spent on the Welsh side since their Hollywood investment came in.

Phil Parkinson’s side secured the National League title in 2023, marking an incredible turnaround since the 2021 takeover by Hollywood duo Ryan Reynolds and Rob McElhenney.

Parkinson then led the club to a double promotion as they finished second in League Two during the 2023/24 campaign which will see them just two leagues away from the Premier League.

The club finances had been hit hard by their inability to get back on the EFL ladder, with Reynolds and McElhenney providing a vital funding injection and a major swell of support from across the Atlantic.

MORE: Wrexham record points total in National League: Ryan Reynolds club claims record league haul

The arrival of Reynolds and McElhenney allowed Wrexham to battle with EFL clubs for players with the new owners willing to match wages from clubs in higher divisions.

From February 2021 onwards, Wrexham revamped their first-team squad in a bid to secure their goal of promotion.

Exact figures on how much their key stars earn are unconfirmed by the club, but the highest paid player is reported to be George Evans (7,200 GBP per week).

According to Capology, Wrexham spent £5,576,400 on their annual payroll. The club’s latest annual report revealed a deficit of nearly $3.7 million (£3 million) for the fiscal year ending June 30th.

Despite this, Wrexham saw a rise in turnover, reaching $7.4 million (£6 million). Reynolds and McElhenney are said to have already invested over $12.4 million (£10 million) in reshaping the League Two newcomers.

“I don’t think we’re necessarily concerned with losing money as much as we are concerned with making the club sustainable, that was always our intent,” said McElhenney in an interview with S4C.

“It is interesting to see a lot of the media that has come out over our annual report from this past year because it is not taking into account so many different things. We don’t respond to it because we know what the truth is, which is that the club is certainly on its way to becoming sustainable and that’s what our goal is.”

Despite being able to outbid any team in the division in a wages war, Wrexham have relied mainly on free transfers to improve their squad, with salary power more relevant in the lower leagues of the English football pyramid.

Ollie Palmer’s £375,000 ($460,000) move from AFC Wimbledon in 2021 and James McClean’s £250,000 fee from Wigan are the only transfers the club have paid out since the takeover with key stars including Mullin, Ben Tozer and Aaron Hayden arriving for free, alongside Jordan Tunnicliffe and Elliot Lee.

That is expected to change as the club looks to compete in League One and push for a third successive promotion. 

Their budget for this summer’s transfer window is yet to be confirmed. 

Parkinson told BBC Sport that talks are well underway with executive director Humphrey Ker when it comes to transfer plans:

“There’s a lot going on as you can imagine. But we’re focused on this weekend first and then we take stock of the situation and move into the summer with a clear plan of what we need to do. Humphrey’s been over here as well and I’ve had a good chat with him this week and obviously budgets are still being finalised for us to go forward.

“But we’ve got a clear understanding of what we need to be competitive next year. There’s a situation of having a limit of numbers and we’ve already got a lot of players signed up to contracts.

“So it’s about sitting down, like we’ve done this week, having chats and making the decisions which we feel are fair but that will benefit the club going forward in what is going to be an exciting season,” he added.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More