Ryan Reynolds' Wrexham FC missed out on a playoff spot, resulting in a potential $250 million loss. Experts warn that the club's heavy spending could lead to significant financial issues if promotion to the Premier League isn't achieved soon.
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Ryan Reynoldsâ Wrexham fairytale has hit a painful bump after the club narrowly missed out on a playoff spot in a dramatic end to the season.
The Welsh football club, co-owned by Reynolds and Rob McElhenney, reportedly lost out on a potential $250 million payday after failing to keep its promotion hopes alive. The setback has sparked warnings from sports finance experts, who say Wrexhamâs heavy spending could become a âvery big problemâ if the club does not reach the Premier League soon.
Reynolds has since reacted to the heartbreak on social media, admitting he was âcompletely guttedâ by the result while still praising the teamâs historic run.
Reynoldsâ Wrexham narrowly missed out on a chance to smile to the bank after their playoff-deciding game against Middlesbrough ended in a stalemate. Following their captivating rise from non-league football, the club needed a home win to secure a playoff spot and keep their dream of being promoted to Englandâs premier division alive.
The result meant they finished in seventh place, missing the playoffs by a single spot.
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The result saw the Red Dragons lose out on $250 million theyâd have earned if theyâd secured a spot in the playoffs and qualified for the Premier League. Sports finance expert Dr. Rob Wilson has now warned that Reynolds and co. could be in a dangerous financial position following the disappointing end to the season, as theyâre used to spending big.
Wrexham FC missed out on a playoff spot, which would have secured a financial boost of $250 million.
Experts warn that the club's heavy spending could lead to serious financial problems if they do not achieve promotion to the Premier League soon.
Ryan Reynolds expressed on social media that he was 'completely gutted' by the team's failure but praised their historic run.
Rob McElhenney co-owns Wrexham FC alongside Ryan Reynolds.
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The big money itself comes from promotion and would have seen Reynoldsâ team earn ÂŁ120 million, and, coupled with other match-day income and commercial opportunities, that figure would have definitely risen.
âIf a club misses out on the play-offs, thatâs a ÂŁ15 million hit on revenue because of the associated ticket income and commercial revenue thatâs on offer by making it through those additional games,â Professor Wilson explained, per OLBG.
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The sports finance expert further warned that Wrexhamâs playoff miss could prove financially âtrickyâ for its owners, given their lofty ambitions for the club.
Reynolds and McElhenney have backed major plans since taking over, including hopes for a new training ground and an expanded stadium. However, those dreams come alongside the huge sums they have already spent in pursuit of Wrexhamâs rise through English football.
âFor Wrexham this season, what weâre really talking about is a cost opportunity if they miss the play-offs, to get into the Premier League,â Professor Wilson continued.
âThat failure would add up to ÂŁ120 million of lost revenue plus all those associated player contracts that theyâve got in the Championship where theyâve been hoping to secure that additional promotion,â he added.
Reynolds has since taken to social media to express his disappointment with how things turned out.
âI am completely gutted by todayâs result but incredibly proud of our season,â the âRed Noticeâ actor wrote on X, formerly known as Twitter.
âWeâve come a long way in five years, and this was the best result in our 150+ year history. More to do. But for now, we have so much to be proud of, Reds,â he added.
Eric Kowalsky / MEGA
Since completing the takeover at the Welsh club in 2021, Reynolds and McElhenney have enjoyed success and seen the teamâs meteoric rise from what it used to be. This is the first time since Reynolds and McElhenneyâs second season that the club has failed to secure promotion at the end of the campaign.
Away from the pitch, Reynolds and his wife, Blake Lively, have been facing troubles in her legal battle with her former co-star Justin Baldoni. Reports suggest that nobody wants to work with her again, as her image in the industry has been severely damaged. Reynolds standing in some Hollywood circles is also understood to be up for a review.
Rumors emerged last month suggesting that theyâve bought in Barnet, just outside London, and would consider moving there soon.
âWith Ryanâs huge success with [his Welsh soccer club], Wrexham, he has a great affinity for the UK,â an insider told the Daily Mail, adding that Lively âcould rebrand there.â
The Ryan Reynoldsâ Soccer Dream Takes $250M Hit first appeared on The Blast