Owning Wrexham soccer team is hitting Ryan Reynolds in the wallet
Owning Wrexham soccer club is hitting Ryan Reynolds in the wallet, accounts for the latest financial year show.
Owning a soccer club is hitting Ryan Reynolds in the wallet.
Wrexham, the Welsh team bought by Reynolds and fellow Hollywood actor Rob McElhenney in 2021, released its accounts for the latest financial year on Thursday and reported that the amount owed to celebrities has risen to nearly 9 million pounds ($11.4 million).
That was up from 3.7 million pounds ($4.67 million) from the previous year, ending June 2022.
While the club said turnover rose from nearly 6 million pounds ($7.5 million) to 10.5 million pounds ($13.3 million) and that future prospects are positive, its losses increased to 5.1 million pounds ($6.4 million) from 2.9 million pounds ($3.66 million).
Reynolds and McElhenney purchased Wrexham, one of the world’s oldest soccer teams, for $2.5 million while the club was in the fifth tier of the English game.
Rating: 5