Reinforcements For Wrexham: Ryan Reynolds, Rob Mac Sell Minority Stake in Welsh Club
PositiveSports
- Wrexham AFC's owners, Ryan Reynolds and Rob McElhenney, have sold a minority stake in the club to Apollo Sports Capital, a U.S.-based private equity firm, marking a significant investment in the Welsh soccer team. This move comes as the club continues to rise in prominence within the sport.
- The sale of this minority stake is expected to provide Wrexham AFC with additional financial resources, which will support ongoing development projects, including improvements to the Racecourse Ground, enhancing the club's infrastructure and competitive edge.
- This development highlights the intersection of sports and finance, as the club has also recently received substantial government funding, raising discussions about the implications of private ownership in publicly supported entities and the sustainability of such financial models in sports.
— via World Pulse Now AI Editorial System