How much Wrexham REALLY pay their players as astonishing financial figures revealed after promotion

The real amount Wrexham pay their players has been revealed, according to a report.

Wrexham recently secured a third consecutive promotion and will play in the Championship – English football’s second tier – next season.

And the Red Dragons’ on-pitch success has, in turn, led to increased tourism to the city of Wrexham, with a reported 21% increase in visitors to the North Wales border city in 2023, which has likely since increased.

Of course, the team’s success has coincided with the 2021 purchase of the club.

At the time, the club was bought for around £2m but is now reportedly worth more than £100m, as reported by Bloomberg.

Wrexham’s revenue hit £26.7 million for the financial year ended 30 June 2024 , a 155 per cent increase on their National League-winning year, as per The Athletic.

The Athletic reports that “the £16.2m increase in revenue comfortably outstripped a wage bill rise that, while up 59 per cent, only comprised a £4.1m increase in monetary terms”.

Wrexham’s wage bill increased to £11m ahead of the 2023/24 season, £7.1m (182 per cent) higher than just two years earlier – the highest of any League Two club and over £3m higher than the second-highest payers Forest Green.

It is reported that despite the high wages bill, Wrexham’s turnover has outstripped its wage costs, with the club’s wages-to-turnover ratio at just 41 per cent – the lowest of any of the 71 clubs to release financial data.

To put that into context, Manchester United’s wages-to-turnover ratio was 55.1% for the 2023/24 season, while Arsenal’s was 53.2%.

Wrexham were promoted on April 26 (Credit:Getty)

Competing in the Championship will likely mean the wages bill will further increase.

Football finance expert Kieran Maguire gave his take on Wrexham's wage bill when speaking on the Price of Football podcast earlier this year.

Maguire said: "I estimate that in the National League, they were paying an average of £3,000 a week. Certainly, some high-profile players were on at least twice that, which is unheard of as far as National League wages are concerned.

“If you talk to people in League One and League Two, players were willing to drop down two divisions to join Wrexham. It's a professional career so you follow the money.”