The Wrexham A.F.C.’s celebrity owners have sold a minority stake in their on-the-rise soccer club to Apollo Sports Capital, a US-based private equity firm.
‘ESPN’ stated that the deal, which was announced recently with no terms disclosed, includes investment by Apollo in the redevelopment of Wrexham’s stadium and the surrounding area in the small Welsh City brought to fame by its namesake soccer club since American actors Ryan Reynolds and Rob Mac bought it in 2021 and helped create a popular docuseries about the community.
The Wrexham Association Football Club is a professional football club based in Wrexham, Wales (UK). Formed in 1864, it is the oldest club in Wales and the third-oldest professional football team in the world. The club competes in the EFL Championship, the second tier of the English football league system. The 12,600-capacity Racecourse Ground serves as their residence.
‘ESPN’ further stated that Wrexham, the oldest club in Wales dating to 1864, has earned three consecutive promotions in the English soccer system to reach the second-division Championship for the current season, one level away from the Premier League.
“From day one we wanted to build a sustainable future for the Wrexham Association Football Club. And to do it with a little heart and humor. The dream has always been to take this club to the Premier League while staying true to the town. Growth like that takes world-class partners who share our vision and ambition, and Apollo absolutely does,” the Wrexham ownership said in a statement distributed by the club.
Reynolds and Mac sold a stake in the club last year to a different investment group, also based in the United States.
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