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Wrexham: Five key insights from record financial results

Wrexham have long been keen not to pin all their ambitions on a documentary and the financial rewards which follow.

And the accounts show that as much as the club have benefited from the backing of their celebrity owners, they are not really being bankrolled by them.

According to the strategic financial report accompanying the accounts, a key event after the financial year end was the repayment of loans from Reynolds and McElhenney, that had grown to £15m.

The money was partly tied into funds provided to purchase the lease of the Stok Racecourse in order to develop and expand.

With work on a new Kop stand potentially beginning at the end of the season, further expansion has already been talked about as a way of increasing local revenue streams.

There have been no further charges lodged at Companies House since, meaning the club are loan-free.

There has, though, been investment from the New York-based Allyn family, who have been introduced as minority shareholders.

As well as the stadium, there are plans to develop a training ground and for expansion of facilities for the academy and women’s side.

Wrexham’s backers could increasingly come into the picture as financial support – with past loans being cleared paving the way for that to happen – but ultimately, all that will be done with the aim of building a club that can sustain success on and off the field.


BBC News

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