WREXHAM, Wales (AP) – Wrexham’s celebrity owners have sold a minority stake in the fast-growing soccer club to U.S.-based private equity firm Apollo Sports Capital.
The deal, whose terms were not disclosed but was announced on Monday, includes Apollo’s investment in the redevelopment of the stadium and surrounding area in the small Welsh city of Wrexham, which has become famous for its eponymous soccer club since it was purchased in 2021 by American actors Ryan Reynolds and Rob Mack, who helped produce a popular documentary about Wrexham’s stadium.
Wrexham is Wales’ oldest club, founded in 1864. 3 consecutive promotions This season in the English football system they aim to reach the Second Division Championship, one level away from the Premier League. Wrexham finished 12th in the 24-team table this week. The team had not been in the second division since the 1981-82 season.
“From day one we wanted to build a sustainable future for Wrexham Association Football Club, and we wanted to do it with a bit of heart and humour. The dream has always been to build this club while remaining true to the city. “Such growth requires a world-class partner who shares our vision and ambitions, and Apollo will definitely deliver that,” Wrexham’s owner said in a statement distributed by the club.
Mr Reynolds and Mr Mack sold their stake in the club last year to another investment group, also based in the US. recent apollo purchased a majority stake The deal with Spanish soccer club Atletico Madrid is expected to be completed early next year.
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