Ryan Reynolds' Wrexham posts record revenue but swells losses to over £30m
On March 26, the Football Association of Wales confirmed that while Hollywood-backed Wrexham FC achieved a staggering annual turnover exceeding $51 million (£49.8 m), it recorded an operating loss surpassing £30m for its League One promotion season under Ryan Reynolds and Rob McElhenney's ownership since February 2021, with the club posting specific losses of approximately €76k in March alone despite a wage bill increase to nearly $54 million.
Key Points
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1Wrexham FC reported a record-breaking turnover of approximately $419m (£33.3 million) in its most recent financial season.
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2Despite high revenue driven by global appeal and Hollywood ownership, Wrexham posted losses ranging between £12-£15 million depending on the specific report cited.
Developments
Wrexham is expected to record an annual loss of $30 million despite generating revenue exceeding the club's total turnover for 24/5 campaigns due primarily from overseas sources (North America). The financial strain resulted in a massive increase operating costs and wages, which surged by over seven times compared with previous years.
Wrexham's revenues jumped to record levels at nearly one-third of its previous peak (£33.3 million) following promotion from League One and the release of *Welcome to Wrexham*. However, a 74% increase in wages drove losses up by over £15m despite remaining within financial regulations for clubs without parachute payments included.
Wrexham reported record £33.3m turnover for 2024/25, with over half generated globally and North America being a primary driver; however, operating losses surged by 60% (reaching an estimated $18 million) due to the costs of promotion fees and increased wages following their Championship bid success in June 2023.