Wrexham A.F.C agree Hollywood takeover bid

National League football club Wrexham A.F.C has accepted a takeover bid from two Hollywood stars in a deal worth an estimated £2 million, it has been announced.

The agreement comes after fans, who have owned and managed the club through the Wrexham Supporters Trust (WST) since 2011, almost unanimously agreed to the proposed acquisition by Deadpool star Ryan Reynolds and It’s Always Sunny in Philadelphia creator Rob McElhenney.

After disclosing the details of the proposed deal earlier this month, the results of the vote show that 1,809 supporters approved, 26 were against and nine abstained.

It means that, subject to final agreement, league and FA confirmation, RR McReynolds Company LLC will take 100 per cent control of Wrexham Football Club Limited from the WST.

According to the WST Board, “both parties will now proceed with finalising the details of the takeover, and we will update Wrexham supporters as soon as we can”.

The club had been in talks with its new owners for a number of months, but were asked to sign a non-disclosure agreement to prevent the identities of Mr McElhenney and Mr Reynolds being leaked.

In a joint statement, Mr McElhenney and Mr Reynolds thanked the supporters for their participation in the process.

“Our goal is to grow the team, return it to the EFL in front of increased attendances at an improved stadium while making a positive difference to the wider community in Wrexham,” they said.

Commenting on the deal, Wrexham director Spencer Harris told BBC Wales: “This deal, we had to get it and land it while it was in the offing and I am delighted we’ve managed to do that.

“These are ordinary people in an extraordinary job. They are very down to earth people.”

For support and advice on related issues, please get in touch with Mohit Pasricha at Mackrell.Solicitors today.

The following two tabs change content below.
Mohit Pasricha

Mohit Pasricha

Solicitor at Mackrell.Solicitors
Mohit is a solicitor and Head of Sports Law at Mackrell.Solicitors, advising and representing clients within the sports sector by providing specialist advice on a wide range of commercial, corporate and intellectual property matters. His clients include clubs, commercial sponsors, sports agents, and individual sporting professionals.