Owning a soccer club is hitting Ryan Reynolds in the wallet.
Wrexham, the Welsh team bought by Reynolds and fellow Hollywood actor Rob McElhenney in 2021, released its accounts for the latest financial year on Thursday and reported that the amount owed to celebrities has risen to nearly nine million pounds ($11.4 million USD).
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“The club is under no immediate pressure to repay these loans at the expense of the progress we seek to achieve,” Wrexham said, “and further financial support will be provided/secured to support the capital expenditure projects the club is currently planning.”
Those projects include increasing the capacity of its Racecourse Ground stadium.
Wrexham is regularly getting crowds of more than 10,000 spectators, more than three times the number attending before the takeover and a remarkable figure for a fourth-tier team.
“The financial losses suffered by the club since the takeover shouldn’t be repeated,” Wrexham said, “with income generated by the club now sufficient to meet the operational costs of the club going forward.”
Wrexham pointed to the “continued popularity of ‘Welcome to Wrexham’” — the fly-on-the-wall documentary charting the progress of Reynolds and McElhenney as soccer owners — and more money earned in the EFL as reasons to predict that turnover will carry on growing.