Wrexham receive massive cash injection ahead of transfer window weeks after 'billionaire' investors join club

Wrexham appear to have issued one share in exchange for an eight-figure sum as they continue to make strides under Rob McElhenney and Ryan Reynolds' ownership.

Last month, the League One high-flyers announced the arrival of new minority investors the Allyn family, who owned world renowned-medical device company Welch Allyn for over a century.

Welch Allyn was sold in 2015 for $2.05 billion, according to MPO, and since, the Allyns have focused their efforts on purpose-driven investments in private and public markets through their family office.

In a joint statement, Wrexham co-chairmen Rob McElhenney and Ryan Reynolds said they were "blown away" by their intelligence, kindness and commitment, adding: "They are exactly the type of partners we will need for this amazing endeavor.”

Eric Allyn, who is the manager and Chief Investment Officer of the Allyn’s Family Office, opened up on their latest business move.

“For more than a century, our family has focused on building great companies, while also uplifting wonderful communities," he said. "Our decades-long efforts in the Syracuse region are similar to what Rob and Ryan have started in Wrexham.

"We view Red Dragon Ventures as a vehicle to invest in a world-class football club, and, importantly, in the welcoming community of Wrexham.”

Now, it has emerged that there was a £11.3 million share issue on October 17.

Football finance expert Kieran Maguire posted a screenshot from the Companies House website on his X page alongside the caption: "Another £11.3m share issue at Wrexham. It’s either fresh cash or a loan converted into shares."

A fan responded to the post with the question: "Is there a limit to how frequently and to what value this can be done? Is it a simple way around FFP?"

Maguire responded by saying: "Can do as often as you wish."

Image credit: Companies House

Wrexham boss Phil Parkinson described the club's new investors as being a "fantastic fit" for the League One outfit.

"I've met Eric and his daughter Kaleen, and they’re just great people. A fantastic fit for the club," Parkinson said. "They came down to the training ground last week and we had a great chat with them. They’re so enthusiastic about coming on this journey with the club and the impact they can hopefully make."

Eric Allyn, meanwhile, has revealed why they decided to buy into the club.

"Wrexham was a mining town, a steel town, working-class oriented with lots of breweries," he said. "Then the steel and mining collapsed and the breweries collapsed, and the city really collapsed in on itself. We know we can't reproduce Welch Allyn, but at least we can have investments we can connect to. We love to invest in great companies."