Ryan Reynolds and Rob McElhenney sell Wrexham stake to US private equity group
NeutralSports
- Ryan Reynolds and Rob McElhenney have sold a stake in Wrexham AFC to US private equity firm Apollo Sports Capital, following a recent £14 million state aid received by the club. The investment aims to support the development of Racecourse Ground, although the exact size of the stake sold has not been disclosed. Reynolds and McElhenney will continue as majority owners of the club.
- This investment is significant as it provides Wrexham AFC with additional financial resources to enhance its facilities and operations, potentially leading to improved performance on the field and greater community engagement.
- The sale comes amidst ongoing discussions about the financial sustainability of sports clubs, especially those receiving government aid while being backed by high-profile owners. The juxtaposition of Hollywood investment with public funding raises questions about the equity of state support for sports entities and the implications for local taxpayers.
— via World Pulse Now AI Editorial System