Wrexham owners Ryan Reynolds and Rob McElhenney announce MASSIVE financial boost as family worth £1.6bn invest in club
WREXHAM co-owners Rob McElhenney and Ryan Reynolds have welcomed investment from a family worth £1.6billion.
The Allyn family has purchased a minority stake in the League One side.
Based in Skaneateles, New York, the family owned American medical device company Welch Allyn.
The firm – which was founded in 1915 – sold for $2billion (£1.67bn) nine years ago.
Some of the Allyn family’s fortune has now been put into Wrexham.
A statement from the Welsh side read: “The investment, which was made through Red Dragon Ventures LLC, will help fuel the Club’s lofty ambitions, as well as those of the broader Wrexham community.
“Red Dragon Ventures is a joint venture formed between the Allyn family and Wrexham AFC co-owners Rob McElhenney and Ryan Reynolds focused on driving growth and success in and around Wrexham.”
Co-owners Reynolds and McElhenney said: “Wrexham has earned the world’s attention and we are focused on bringing on board world-class partners to help with the next phase of our growth.
“We have been fortunate to get to know the Allyn family and we are blown away by their intelligence, kindness and commitment.
“They are exactly the type of partners we will need for this amazing endeavor.”
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Discussing the investment, Eric Allyn, Manager and Chief Investment Officer of the Allyn’s Family Office, commented: “For more than a century, our family has focused on building great companies, while also uplifting wonderful communities.
“Our decades-long efforts in the Syracuse region are similar to what Rob and Ryan have started in Wrexham.
“We view Red Dragon Ventures as a vehicle to invest in a world-class football club, and, importantly, in the welcoming community of Wrexham.”
Hollywood superstars Reynolds and McElhenney completed a takeover of the club in 2021.
They have since guided Wrexham through two successive promotions.
The Welsh side currently sit third in the League One table.