Ryan Reynolds' Wrexham defies Financial Fair Play with another £11m injection

Wrexham United issued a new pound;11.3 million ($14.31 million) share package as it continues to move forward with its financial structure under the ownership of Rob McElhenney and Ryan Reynolds. In October, the club announced the arrival of a new group of minority investors: the Allyn family, owners of medical device company Welch Allyn.

Welch Allyn was sold in 2015 for $2.05 billion, according to MPO, and since then the family has sought to invest this money in other businesses through a family office. Upon welcoming them to the club, Wrexham's co-chairmen said they were "impressed" by their intelligence, kindness and commitment, adding: "They are exactly the kind of partners we will need for this incredible endeavour."

For his part, Eric Allyn, managing partner and investment manager at Allyn's Family Office, also commented on his latest business move:

"For more than a century, our family has focused on building great businesses while also enhancing 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, more importantly, in the welcoming community of Wrexham."

Wrexham's new shareholders announced

Football finance expert Kieran Maguire posted a screenshot from the Companies House website on his X page along with the phrase: "Another ?11.3m share issue at Wrexham. Is it new cash or a loan converted into shares?"

Wrexham boss Phil Parkinson described the club's new investors as "a fantastic combination" for the League One team.

"I met Eric and his daughter Kaleen and they are great people. They fit in really well with the club," Parkinson said. "They came to the training ground last week and we had a really nice chat with them. They are very excited to embark on this journey with the club and the impact that hopefully they can generate."

Eric Allyn, for his part, also spoke about his decision to join the board:

"Wrexham was a mining town, a steel town, working class oriented, with lots of breweries," he said. "Then the steel and mining collapsed and the breweries collapsed, and the town really fell in on itself. We know we can't reproduce Welch Allyn, but at least we can have investments that we can connect with. We love to invest in great companies."