The duo of Ryan Reynolds and Rob McElhenney have been given full control from the Wrexham Supporters Trust (WST) and have already made an initial investment of £2 million into the club.
The club have confirmed that these funds will be prioritised and spent on identifying new players for the first-team squad, whilst £50,000 of this will be separately allocated to improve the women’s football program that they have in place.
Wrexham had been completely fan-owned since 2011 but back in November 2020, the Supporters Trust voted 98% in favour of the takeover.
New owners’ thoughts
In a joint statement about the new adventure, the pair said ‘’It is a special day for the two of us to become the latest stewards in the long and storied history of Wrexham AFC.’’
‘’Together with the players, the staff, the fans, and the local community, we can now pursue our goal to grow the team and return it to the EFL in front of increased attendances, and in an improved stadium, while making a positive difference to the wider community in Wrexham.’’
Around the same time that the deal had been completed, the Red Dragons had just beat Altrincham 2-1 to move up into the National League play-off places.
As a celebration of the takeover, both Reynolds and McElhenney added a ‘W’ to the front of their names across their various social media channels.
Lost wages to be paid back in full
Last March, the National League was suspended due to the ongoing Coronavirus pandemic meaning that all of the Wrexham players and staff were furloughed and were receiving a reduced amount of wages.
The Government furlough scheme ensured people who were unable to work due to Covid received up to 80% of their wages getting almost £2,500 a month.
Since arriving, the new owners have officially confirmed that all money which was lost over this period of time will be repaid in full back to everyone associated with the club.
The Wrexham manager Dean Keates said ‘’We appreciate it… I knew there was a good possibility of it happening. Now it has been confirmed I have no doubt people will be thinking they are going to get their money back and will be very grateful for it.’’
When speaking about the move, the WST said ‘’We urge all supporters to unite behind our new owners, the Club and the team as they look to return Wrexham to the heights we have all dreamed of.’’