Ryan Reynolds & Rob McElhenney ready to sell stake as Wrexham’s value hits £350m - with more investment required in order to reach the Premier League

A couple of Hollywood actors in North Wales acquired the Red Dragons for £2m in 2021. They have overseen a remarkable sporting project that has delivered a historic run of three successive promotions and an explosion in exposure for Wrexham around the world.

An award-winning documentary series has aided that cause, especially in the United States, while lucrative commercial deals have pushed record-breaking revenue figures at SToK Racecourse beyond £26m ($35m).

The ultimate dream remains to reach the Premier League and, having already welcomed the billionaire Allyn family on board with an almost-15 per cent stake, more investors are being sought that will help to keep the Red Dragons competitive.

According to Bloomberg, Reynolds and McElhenney are "considering selling a stake for a valuation of up to £350 million ($475 million)". The report adds that "the club is working with investment bank advisers to canvas demand from potential investors".

If said value proves to be correct, then Wrexham would be the most expensive team in the second tier of English football. Bloomberg adds that "it’s unclear if Wrexham will be able to convince investors to buy in at such an increased valuation."

Talks regarding the sale of another stake in Wrexham are said to be "at an early stage and no final decisions have been taken", with Phil Parkinson and Co currently focused on transfer business and a pre-season programme that includes a tour of Australia and New Zealand.