Reynolds and McElhenney have smashed transfer records at Wrexham, but they still have scope to spend after taking another step up the EFL ladder. The Athletic adds: “What I will say about them going up is they’ve got a bit of headroom if they want to go for it. You mentioned that huge income level, but they still lost £2.7m last season and I’ve been told it’s going to be a similar loss this season, so we’re talking about £5.5m. That means next year, if they wanted to, they could still lose £35m and be within the Championship’s PSR rules.
“If they did go straight up again then obviously they’d have problems the following year because they couldn’t then breach it any further than that. But they’ve got some headroom to have a go, and I’m fascinated by what they do this summer because they haven’t really spent irresponsibly.”