WREXHAM, Wales (AP) — Wrexham’s famous owners have sold a minority stake in their soccer club in England’s second division to Apollo Sports Capital, a U.S.-based private equity firm.
The deal, which was announced on Monday without terms being disclosed, includes Apollo’s investment in the redevelopment of Wrexham Stadium and the surrounding area in the small Welsh town, which has become famous for its eponymous football club since American actors Ryan Reynolds and Rob Mac bought it in 2021 and helped create a popular docuseries about the community.
Wrexham, the oldest club in Wales having been founded in 1864, has achieved three consecutive promotions up the English football pyramid to reach the second division this season, one step away from the Premier League. Wrexham started this week in 12th place in the 24-team standings. The team had not played in the second division since the 1981-82 season.
“From day one, we wanted to build a sustainable future for Wrexham. And do it with a bit of heart and humour,” Wrexham’s owners said in a statement distributed by the club: “The dream has always been to take this club to the Premier League while staying loyal to the city. Growth like that requires world-class partners who share our vision and ambition, and Apollo absolutely delivers.”
Reynolds and Mac sold a stake in the club last year to a different investment group, also based in the United States. Apollo recently bought a majority stake in Spanish club Atlético de Madrid, a deal expected to be finalized early next year.
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