"Wrexham County borough council had previously said that the club would receive a substantial amount of a 25m Welsh government grant to redevelop the area around the Wrexham General train station next door to its stadium, the Racecourse Ground. However, the council has not previously revealed that the football club would directly receive most of that cash. Wrexham is owned by Reynolds and McElhenney, who has changed his name to Rob Mac, according to UK and US company filings."
"The Welsh government money flowed even as its star owners produced the four series of Welcome to Wrexham Disney TV documentary charting the fairytale takeover reportedly pulling in as many as 5 million viewers an episode. While Wrexham AFC does not gain any revenue directly from the series, other companies owned by Reynolds and McElhenney are thought to have benefited from lucrative production deals."
Wrexham AFC received almost 18m in nonrepayable grants from the Welsh government via the local council, supplementing investment from Hollywood owners Ryan Reynolds and Rob McElhenney. Wrexham County Borough Council allocated most of a 25m Welsh government regeneration grant to the club for redevelopment beside the Racecourse Ground, a detail not previously disclosed by the council. Reynolds and McElhenney completed the takeover in 2021; McElhenney has changed his name to Rob Mac in company filings. The owners produced four series of Welcome to Wrexham and secured global sponsorships, while a football finance expert described the funding as an 18m nonrepayable subsidy to a privately owned business now flirting with a 350m valuation.
Read at www.theguardian.com
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