Wrexham have announced the amount they owe to co-owners Ryan Reynolds and Rob McElhenney has increased from £4million to a staggering £9m.
The Hollywood actors have delved deep into their pockets since taking over the Wrexham in 2021.
The money spent at the club helped Wrexham earn promotion from the National League to League Two, where they currently sit third in the table.
Reynolds and McElhenney have lofty ambitions of one day taking the Welsh club all the way to the Premier League.
Ryan Reynolds and Rob McElhenney have pumped millions into Wrexham
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And their financial commitment was clear to see as the club released their latest figures from between 2022 and 2023 with the Hollywood duo now owed close to £9m.
Wrexham also added that turnover doubled to almost £10.5m and they're hopeful the financial losses recently won't last long due to their success in League Two.
“The amount owed to The RR McReynolds Company, LLC (owned by McElhenney and Reynolds) at the year-end was £8.977m (2022: £3.714m),” read a Wrexham statement.
“The financial losses suffered by the club since the takeover shouldn’t be repeated, with income generated by the club now sufficient to meet the operational costs of the club going forward.
“These losses were deemed necessary to allow the club to maximise its full potential in the shortest time practically possible.
“The club is under no immediate pressure to repay these loans at the expense of the progress we seek to achieve and further financial support will be provided/secured to support the capital expenditure projects the club is currently planning, which includes increasing the capacity of The Racecourse Ground and the development of a training facility for all the club’s teams.
“The year-on-year income comparisons since the takeover, show the potential of the club.
“These will significantly increase again for the year ending June 30, 2024, following promotion and the continued popularity of Welcome to Wrexham.”
Wrexham have also financially benefited from the success of their TV series since McElhenney and Reynolds took over the club.
They've developed a huge following Stateside as a result of the popular series and will be back across the Atlantic in July with three preseason games scheduled on the west coast.
Wrexham won the National League last year
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Wrexham ended up paying the price from last season's preseason tour Stateside with Paul Mullin suffering a collapsed lung and four broken ribs against Manchester United.
But Phil Parkinson is looking forward to going back and helping Wrexham gain even more followers.
“The tour was so important for the club commercially,” says Parkinson.
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Ryan Reynolds and Rob McElhenney want to take Wrexham all the way to the Premier League
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“As much as there were things that could have been done differently, we still wouldn’t swap the experience. It was amazing for everyone on the tour, plus no doubt all the supporters who made the trip.
“Obviously, though, it was all very new for a club at this level to go on a tour of that magnitude. This year’s tour will be adapted quite considerably. That shows how this club is a real collaboration, with everyone contributing.
“It is about getting out once again to the States, where the club is popular, but the most important thing is the new season.”
