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Wrexham Football Club Record £5m Loss For 2022-23 Promotion-Winning Season
Wrexham Football Club’s financial landscape has undergone significant transformation since Hollywood owners Rob McElhenney & Ryan Reynolds took control in February 2021.
In the 2022-23 season, Wrexham faced a financial loss of £5.1 million despite a doubling of turnover, reaching almost £10.5 million. This loss, attributed to increased operational costs & a rise in the wage bill, emphasizes the club’s commitment to maximizing its potential under new ownership.
The club’s owners, McElhenney & Reynolds, have injected substantial funds into Wrexham, with the club now owing nearly £9 million to The RR McReynolds Company, LLC. However, the club remains optimistic about its financial future, stating the income generated is sufficient to meet operational costs and support ongoing projects.
Key to Wrexham’s financial growth has been the increase in revenue streams, including retail, sponsorship, & football revenue. remarkable spikes in retail & sponsorship income reflect the club’s efforts to expand its reach & engage with fans globally. The success of the documentary “Welcome to Wrexham” has played a significant role in building a global support base, with revenue from overseas markets seeing a substantial rise.
Looking ahead, Wrexham anticipates further financial growth, with lucrative sponsorship deals with United Airlines & SToK Coffee Brew expected to boost total revenue to over £20 million for the current financial year. The club’s recent promotion back to the English Football League & its continued popularity signals a promising future for Wrexham under the stewardship of McElhenney and Reynolds.
