Featured Image Credit: Getty
Topics: Wrexham, Ryan Reynolds, Rob McElhenney, League One, Football
Ryan Smart
Topics: Wrexham, Ryan Reynolds, Rob McElhenney, League One, Football
A financial expert has shed new light on Wrexham's new investment deal and made a comparison with Manchester City.
The Red Dragons announced on Wednesday that the billionaire Allyn family had become a minority investor of the club.
In a statement, the club stated that the investment would 'help fuel the club's lofty ambitions, as well as those of the broader Wrexham community'.
Co-owners Ryan Reynolds and Rob McElhenney said: "Wrexham has earned the world's attention and we are focused on bringing on board world-class partners to help with the next phase of our growth.
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"We have been fortunate to get to know the Allyn family and we are blown away by their intelligence, kindness and commitment."
The family owned the American medical device company Welch Allyn Inc before selling it for a staggering £1.6 billion in 2015.
And financial expert Kieran Maguire has revealed what the increased investment could mean for Wrexham both on the pitch and off the pitch as they continue to further their attempts to climb up the leagues.
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Speaking on BBC Radio Wales, he commented: "I think it's a very smart move by Reynolds and McElhenney.
"They realise that Wrexham are surfing a wave, they are one of the most popular English/Welsh teams in the United States.
"The price that they will have managed to achieve for this minority stake will be significant, and on the back of that, the current owners have a good deal, there's further money coming into the club and that can be reinvested and recycled.
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"I think the challenge for Wrexham will be in the Championship [should they get there], because the average losses there are £400,000 a week.
"If we take a look at Manchester City for example, who are the wealthiest football club as far as UK football is concerned, they sold off 15 per cent to American investors who felt they were getting good value, and the owners were getting good value in terms of the deal as well.
"To get another party involved, especially if they've got deep pockets, can be beneficial."
Wrexham are currently second in League One under the management of Phil Parkinson, having achieved consecutive promotions from the National League in the two seasons prior to this.