Ryan Reynolds turned an underdog soccer team into a global sensation - and a winning business. In 2020, he and fellow actor Rob McElhenney bought Wrexham AFC, a Welsh soccer club stuck in the fifth tier of English football, for $2.5m. At first glance, buying a lower-league team looks like a vanity project, but there’s a deeper strategy at play. Reynolds applied a marketing genius learned from his ventures like Aviation Gin and Mint Mobile to Wrexham. And the results? Extraordinary. The gamble wasn't just on the team’s performance, but on storytelling. Ryan and Rob understood that Wrexham wasn’t just a football club. It was a brand with a deep community history, ripe for a compelling narrative. This narrative helped them bring in top talent both on and off the field. Through a docuseries “Welcome to Wrexham” they pulled fans into the story of a struggling team with heart, giving global exposure to a local club. The docuseries was a hit. Wrexham’s fanbase exploded, with millions tuning in to watch the journey, even non-football fans. The team? They earned back to back promotions to the third tier, breaking records along the way, with a historic 111-point season. The impact? - Wrexham AFC became a content machine, not just a sports club. - Ticket sales soared, merchandise flew off the shelves, and global interest turned Wrexham into a household name. Reynolds didn’t just buy a soccer team; he turned Wrexham into a brand with endless commercial possibilities - from media rights to tourism. Smart storytelling + strategic investment = a winning formula.
When they get bored and pull out which will inevitably happen, then what for Wrexham? Crippling debts and a return to non league? It’s not sustainable as above and the money needed to make them competitive at the next level is huge. Too many clubs have tried buying success in the past and it may work short term, but in the long run it doesn’t.
What would you estimate the Club to be worth now?
I’ll leave this here: In the year ending June 2023, Wrexham AFC recorded losses of £5.1 million ($6.4 million), a big jump on 2022’s figure of £2.9 million ($3.7 million). Those losses have been funded from the deep pockets of Reynolds and McElhenney. The club currently owes the pair £8.98 million ($11.3 million), with the increase in debts last year corresponding to Wrexham’s losses.
The death of football. Nauseating.
“Rob McEllhenny and Ryan Reynolds turned an underdog…” Fixed it for ya…
I agree
Is that a crow sitting on the woman's head, what's it doing there?
Gotta love a hit post that effectively just summarizes the plot of a globally available, successful docuseries.
Helping professionals break into Mergers & Acquisitions
2mo📌 Is it a rite of passage for a Hollywood celebrity to get involved with their own alcohol brand? Ryan Reynolds --> Aviation American Gin Acquired a stake in 2018 and became the face of the brand. The company was sold to Diageo in 2020 for up to $610 million. George Clooney --> Casamigos Tequila Co-founded in 2013 with Rande Gerber and Mike Meldman. In 2017, it was sold to Diageo for up to $1 billion. Jay-Z --> Ace of Spades Champagne Acquired in 2014 in 2018 and in 2021, LVMH’s Moët Hennessy acquired a 50% stake in the brand. Plus a bunch of others that haven't exited yet: The Rock --> Teremana Tequila Kendall Jenner --> 818 Tequila Post Malone --> Maison No. 9 Rosé David Beckham --> Haig Club Whisky Matthew McConaughey –-> Longbranch Bourbon