Wrexham reportedly looking for investor, $475M valuation

Wrexham AFC, the Welsh soccer club co-owned by actors Ryan Reynolds and Rob McElhenney, is reportedly looking to sell a stake in the team that would set the franchise's valuation at $475 million.

According to a report by Bloomberg on Wednesday, the club is looking for an investor to join the Hollywood stars, who purchased Wrexham for $2.5 million in late 2020.

Since then, the team has become the subject of a popular documentary series on FX -- "Welcome to Wrexham" -- and has earned promotion through England's soccer system a record three straight years.

They will play next season in the English Football League Championship, one step below the Premier League, with the latter arguably the top soccer league in the world.

The projected value would represent nearly a 19,000 percent jump in the team's worth in less than five years.

For comparison, Championship team Sheffield United fetched $135.5 million in a takeover late last year, and Everton -- an Premier League side -- sold for an estimated $500 million in December.

In fiscal year 2024, Wrexham reportedly pulled in $35.6 million in revenue -- more than double the previous year.

Last October, the Allyn family, former owners of a medical-device company, purchased close to 15 percent of Wrexham that set the valuation at the time at $136 million.

--Field Level Media