Red Dragons warned over club's soaring claimed value

Figures up to £350m mooted... but expert reckons £100m more realistic

- By LIAM RANDALL

of Wrexham AFC's planned Kop Stand at the club's STōK Cae Ras stadium. Picture: Wrexham AFC/Populous

(Wrexham AFC/Populous)

WREXHAM'S Hollywood owners have been warned that a claimed £350million valuation of their football club could be wide of the mark.

Reports emerged in June that actors Ryan Reynolds and Rob McElhenney were talking to advisers about selling a minority stake in the Championship club. The proposed sale, aimed at boosting the playing budget and paying for a new Kop stand, would place the valuation at up to £350m, according to Bloomberg.

The Red Dragons have enjoyed unprecedented levels of success since being bought by the pair in February 2021, achieving three consecutive promotions from the National League to the second tier. The co-owners paid a nominal amount to purchase the club from the Wrexham Supporters Trust, subject to an immediate investment of £2m.

The suggested price tag would therefore represent a huge return on initial outlay should Reynolds and Mac decide to sell.

However, a football finance expert believes Wrexham's current valuation is closer to £100m less than a third of the sum outlined in the report.