League Two side Wrexham owe their celebrity owners Ryan Reynolds and Rob McElhenney around £9 million , the fourth-tier Welsh club said.
Wrexham, bought by the actors in 2021, released their accounts for the financial year ended in June 2023 on Thursday. The club owed their owners almost £4 million at the end of previous year.
The club reported an increase of 75% in revenue from approximately to £10.5 million from £6 million pounds. However, its loss also deepened to £5.1 million from £2.9 million.
"The club is under no immediate pressure to repay these loans at the expense of the progress we seek to achieve," Wrexham said in a statement.
"Further financial support will be provided/secured to support the capital expenditure projects the club is currently planning."
Wrexham were promoted to English Football League's League Two as the 2022-23 champions of the fifth-tier National League. They are third in League Two this season and in contention for a promotion to third-tier League One.
- Reuters
Created by Tan KW | Apr 29, 2024
Created by Tan KW | Apr 29, 2024
Created by Tan KW | Apr 29, 2024