Wrexham announce new 'billionaire' investors as Ryan Reynolds and Rob McElhenney issue statement

League One high-flyers Wrexham have announced the arrival of new minority investors as they continue to reap the rewards from Ryan Reynolds and Rob McElhenney's takeover.

On February 9, 2021, Reynolds and McElhenney celebrated their takeover of then-National League side after they shook hands with the Wrexham Supporters Trust for a fee believed to be around £2 million.

The pair have since invested millions into the club, who have achieved back-to-back promotions from the National League to League One. In fact, they currently sit third in England's third tier after a positive start to the 2024/25 campaign.

Now, it appears the Red Dragons will be helped by the Allyn family of Skaneateles after they were announced as new minority investors.

For over 100 years, the Allyn Family owned Welch Allyn, Inc – a world renowned-medical device company based in Skaneateles, New York.

Welch Allyn was then 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.

Wrexham released a statement on Wednesday afternoon to confirm the minority investment.

It read: "The investment, which was made through Red Dragon Ventures LLC, will help fuel the club’s lofty ambitions, as well as those of the broader Wrexham community.

"Red Dragon Ventures is a joint venture formed between the Allyn family and Wrexham AFC co-owners Rob McElhenney and Ryan Reynolds focused on driving growth and success in and around Wrexham.

In a joint statement, Wrexham co-chairmen Rob McElhenney and Ryan Reynolds commented on the news.

“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. We have been fortunate to get to know the Allyn family and we are blown away by their intelligence, kindness and commitment," the pair said.

"They are exactly the type of partners we will need for this amazing endeavor.”

Image credit: Getty

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.”

Michael Williamson, Wrexham AFC Chief Executive Officer, added: “The investment by the Allyn family into Wrexham AFC is great news for both the Club and the local community in Wrexham. It will allow us to continue the development of the Club while supporting the local community, which is something we truly believe in at this Club.”